SPX Intra Day Wave Count Nearly Complete

SP:SPX   Der S&P 500 Index
112 1
I'm focusing on the SPX intraday wave count because within the last two trading days the wave count has become much clearer. Note that from the bottom made on 11/23/16 a clear extended five wave pattern is near completion. About a three to five point decline followed by a rally to a new high will complete a larger five wave pattern from 11/14/16.
The 15 minute MACD Histogram has a bearish divergence. The RSI is in the overbought zone and may require a bearish divergence before the final top is in place.

As noted in my last post the SPX has resistance in the 2212 - 2219 area. All the pieces are coming together to what may be at least a 5 to 6 % decline in the next several weeks.
The S+P futures are down in overnight trading setting up the decline part of your short term analysis for the open of trading on 11-28.

DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden