Searching For Longer-Term S&P 500 Support

By Gordon T. Long of MATASII

Private Equity • Dec 25, 2018 at 1:30 PM EST

Here's a traditional technical analysis that gives an interesting longer-term pattern on the S&P 500.

Searching for longer-term support

Near-term: macro-analytic view:

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Long-term: Elliot Wave view:

The longer term Elliott Wave Analysis below) is suggesting that the Right Shoulder may be higher than shown above. NOTE: The Wave 5 lift from the Neckline is not shown below. It requires a larger scale which we have shown in previous posts)

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Longer-term: Fibonacci extensions with MATASII HPTZ's:

The MATASII Fibonacci's suggest that Wave 5 (rising from the Wave 4 Neckline shown above) will end at 3050 in the 2022 time frame. From here amulti-decade Fiat Currency Collapse will likely ensue.

(Click on image to enlarge)

Consolidation the above views: Together they are presently signaling the following potential longer-term pattern:

(Click on image to enlarge)

Disclaimer:

Information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities.

Please note that Mr. Long may already have invested or may from time to time invest in securities that are discussed or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from him.

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