wolffarchitecture

SPX Elliott analysis (longer term)

wolffarchitecture Uppdaterad   
OANDA:SPX500USD   S&P 500-index
Yellow is the main count but always aware of the Cyan Alternative. Basically the chart says it all, I'm just filling in space here so that it is published.
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Keep in mind the so called "Santa" or " Christmas rally" is not a scheduled event, Going back 10 years the average increase in the SPX between December 20-30, is 1% .... many years were lower or negative
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At this point Elliott counters might be advised to waits to see an allow the market provide more information before committing large amounts of capital. In the meantime I have settled on the chart above to best organize my trading plan around. The one thing that's guaranteed is change " be like water "
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