I am sure many of you have already seen the triangle..... It is as usual a series of 1/2 subwaves! So far D, d and c1 in progress, and should retest 2100 / ATH The more subwaves form the stronger and longer the breakout will be - expect a reaction from W3 equal to W4 to the upside breakout 🙂 - patience - looks like end of Q1 / Early Q2 if it is going to be in D3, which is looking likely, and as previously stated will be much like 2013!
Note new D & d channels. Note W breakout channel, as well as M/W/D breakout lines.
5Jan15 SPX D3/W5/M3/Q5/Y5 Bullish - potential breakout once c2 complete.
I should be back on line regularly until end of January.
Pivot D2 has been confirmed with yesterdays new high
Labels have been added to the chart as a key to cut down on number of charts to show individual Lines of MAP forks.
Prices have worked there way back above the D012ML and target area for d1 is shown, and is projected to test 2100 by the end of this week on the d Channel MLL intersection with the daily and weekly breakout ML's, but could run to 21 January in the blue oval, before retracing to the D012MLSP shown. It is expected that further wave subdivision will occur within the D channel to provide energy required by end of Q1 for the breakout if it is to be in wave D3, otherwise later in the year in wave D5.