Timing on the markets is crucial. Many studies state that typical bull market could last up to 7 years, while the bear one up to 2 years. My observation of the last 3 market cycles confirms that. The average bull market lasted around 5 years. Using that pattern for the last bull run started March 2009 shows that we are close to the party end.
Based on the Fibo ratios and Eliot Wave counting here I've successfully projected the third wave as 2.618x wave 1 (1358 vs 1370 actual). Projecting wave five on the basis of wave three (1.618x) gives level of 1806 for S&P. That target is updated after my previous one was hit.
Best
CH
Based on the Fibo ratios and Eliot Wave counting here I've successfully projected the third wave as 2.618x wave 1 (1358 vs 1370 actual). Projecting wave five on the basis of wave three (1.618x) gives level of 1806 for S&P. That target is updated after my previous one was hit.
Best
CH