Mentorship

Mentorship

S&P

26 Feb 2015 ‚óŹ 10:23 AM

The S&P index is now coming very close to its 1.618 times ratio to the 2008-09 bear market. It is also in wave E of a 1 year long expanding structure which is full of corrective moves. In the rally from the October low we are in wave c up [since b was a triangle], so this is also the last move up before trends reverse and that should be one more meaningful top for US markets

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The extreme sentiment on this chart reported by Elliott Wave International in its Short term update yesterday should also be a sign of the potential next top around the corner.

aii

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