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Monday, February 24, 2014

S&P 500 - Long term count


S&P 500

Shivan asked me to take a look at the S&P 500 index, so here we go.

The long term Count is somewhat different from the Dow Jones Industrial Index, but here too we should have seen the top o be very close to the top for a long term decline. I will look for a break below support at 1729.42 and more importantly a break below support at 1,627.47 to confirm that an important top is in place for a major decline.

If my Count is correct we should ultimately see a break below 666.79 to end super cycle wave IV.

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