You should have told us what the SPX would do it it closes above the continuum tomorrow(4385).

The biggest decline we have been talking about for weeks, listening intently and then we get the shortest update. ok dokie, So I will give my 2 cents on what is going to happen tomorrow. Futures are up, So SP500 will open considerably higher. Look for a wave 4 to terminate no higher than 4435 followed by a wave 5 down over next couple weeks. This may not all happen tomorrow. But if the market goes over 4435, then it is going to continue up and no big crashes. This is the Elliot wave picture to answer Rich B's question closest I can.

Jeff said:

The biggest decline we have been talking about for weeks, listening intently and then we get the shortest update. ok dokie, So I will give my 2 cents on what is going to happen tomorrow. Futures are up, So SP500 will open considerably higher. Look for a wave 4 to terminate no higher than 4435 followed by a wave 5 down over next couple weeks. This may not all happen tomorrow. But if the market goes over 4435, then it is going to continue up and no big crashes. This is the Elliot wave picture to answer Rich B's question closest I can.

Man you guys below have no couth. He does not need to give us an update and he stated he has his friend there his best friend for his life and you selfish people just want your own selfish needs taken care of. It’s actually sad.

Jeff said:

The biggest decline we have been talking about for weeks, listening intently and then we get the shortest update. ok dokie, So I will give my 2 cents on what is going to happen tomorrow. Futures are up, So SP500 will open considerably higher. Look for a wave 4 to terminate no higher than 4435 followed by a wave 5 down over next couple weeks. This may not all happen tomorrow. But if the market goes over 4435, then it is going to continue up and no big crashes. This is the Elliot wave picture to answer Rich B's question closest I can.

Thanks, Jeff. Appreciate you sharing that. This market is weak and sellers keep coming in. General expectation for the next step is a bounce and as long as we don't make a new ATH, this market is heading lower. Time will tell.
I am glad to have Peter's take on it. I can tell that no one else expected the likely depth of this decline at this point in time; many were expecting early next year. We shall see!

Last updated 3 years ago

Optimus said:

Jeff said:

The biggest decline we have been talking about for weeks, listening intently and then we get the shortest update. ok dokie, So I will give my 2 cents on what is going to happen tomorrow. Futures are up, So SP500 will open considerably higher. Look for a wave 4 to terminate no higher than 4435 followed by a wave 5 down over next couple weeks. This may not all happen tomorrow. But if the market goes over 4435, then it is going to continue up and no big crashes. This is the Elliot wave picture to answer Rich B's question closest I can.

Thanks, Jeff. Appreciate you sharing that. This market is weak and sellers keep coming in. General expectation for the next step is a bounce and as long as we don't make a new ATH, this market is heading lower. Time will tell.
I am glad to have Peter's take on it. I can tell that no one else expected the likely depth of this decline at this point in time; many were expecting early next year. We shall see!

I am glad that helps. So far market held below today and hopefully will continue downward. Again, if the SP500 reaches 4435 then the whole down count of a greater degree is out and we will be back with the bulls most likely. It is neat how the Fib levels of Elliot Wave and traditional charting tend to overlap when it comes to points of support and resistance. I am hopeful we see some longer term downward projections from Peter, that would make me feel better about if and how far we go.

XXSPOWER127 said:

Man you guys below have no couth. He does not need to give us an update and he stated he has his friend there his best friend for his life and you selfish people just want your own selfish needs taken care of. It’s actually sad.

I'd say you actually have no manners calling everyone names without context. Peter is a nice guy and I am very glad he is enjoying his lifetime friend. But he is also extremely knowledgeable, and we are at a major turning point we have been waiting months for.

Maybe you are confused, but last I looked we are on a comment section of a paid, monthly, financial service website, where timeliness/completeness/accuracy of info is very important. So according to you, I am being selfish trying get this information to manage my 401k to support my family? Really?