Look for the bounce

The mood is very Bearish, but it is too late in the game to short and expect much. I'd be looking to go long someplace between 13852 and 14800.

Drop down to a lower timeframe and pick your target. Is it unlikely this is the end of the Elliot Grand SuperCycle.


I will come back later as the movement progresses. We could see a wave 2 at 13852, and a 4th wave lower, beware at that point cause it could be an ABC down and back up, if we get a 5th wave down things are worse than they think.

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Well we bounced from the point I called it, just luck ;p

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We are at one of what i call, "pivitol moments" we could go up, which i think is a little more than likely, Considering a 12 year Bull SuperCycle market, or this could be the top of a B wave and we could go down to as low as 14,334. I hate the way the numbers are not visable when youa re writing one of these Ideas...