For those going short the market…
remember SPX 2040, 2019, and 1970…Caldaro is stating 2040 and possibly 2019 for a pullback before continuing to all time highs. Target is still SPX 2500 by 2017. Below 1970 then the count changes…
remember SPX 2040, 2019, and 1970…Caldaro is stating 2040 and possibly 2019 for a pullback before continuing to all time highs. Target is still SPX 2500 by 2017. Below 1970 then the count changes…
Fibs off the last high (2134.68) and low (2072.14) suggest initial (i) of Wave 1 at 2096.03. We got 2115.09. Wave 1 Target at 2121.29 and Wave 3 Target at 2173.32… Depending on the depth of pullback for a Wave 4, Wave 5 could go as high as 2180 or so (that’s a guess for now)….
This current Wave 2 pullback we’re starting should be at least 50% (2093.62) maybe 61.8% (2088.55). A pullback to the 78.6% is rare (2081.33) but I’ve seen 82% … I think a 161.8% pullback (2045.59) is a stretch… but I’m a Caldaro fan and he does get it right!!!