Critical moment for the S&P 500 index
by m.tamosauskas| August 24, 2015 | 4 Comments
Our long-term subscribers may recall our original S&P 500 forecast from 2010-2012. We plotted a developing cycle degree, three price-swing zig zag advance unfolding from the financial-crisis lows of 666.79. Ultimate upside targets were measuring two key levels – 2139.37 and 2144.79. THE MAY ’15 HIGH WAS 2134.72! This measurement is dependent on the advance being a zig zag – such accuracy means we cannot entirely eliminate the possibility that the next stage of the multi-decennial expanding flat pattern is about to begin its next downswing as super-cycle wave C. The next several months will be critical in determining the longer-term picture. Join us and let’s explore the Elliott Wave Universe together!