Hi Traders,
The SPI200 (now at 5185) opened with a gap and seems to be heading north, maybe to the area 5483-5408. It's now hovering around our previous target area 5166-5199 (see weekly chart) and might have a short pullback soon (1-hour chart).
TARGETS
likely: area 5483-5408
ELLIOTT WAVES
The weekly chart shows that this is part of wave 5 (in blue) that might end in Oct-Nov, as usual. The daily chart is set to have 9 waves up and it's now enfolding wave 7 in 5 smaller waves (in green, font 8).
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
The SPI200 (now at 5185) opened with a gap and seems to be heading north, maybe to the area 5483-5408. It's now hovering around our previous target area 5166-5199 (see weekly chart) and might have a short pullback soon (1-hour chart).
TARGETS
likely: area 5483-5408
ELLIOTT WAVES
The weekly chart shows that this is part of wave 5 (in blue) that might end in Oct-Nov, as usual. The daily chart is set to have 9 waves up and it's now enfolding wave 7 in 5 smaller waves (in green, font 8).
monthly chart - click to enlarge
weekly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over daily chart - click to enlarge
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
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