700 daily trend lines

daily trend lines...

new break-out? or near the end?

July 16-17 was not a reversal point, so we need to wait for a more valid, counter-confirm by other methods

http://thepatternsite.com/EWDiagTriangle.html

current situation obviously not a 5 impulse wave condition as latter corrective wave overlapped previous impulse wave.
Therefore, we better try to understand it as a corrective wave condition. the lower and upper trendlines are converging and it is possible for a temporary throw-over as Mr. Bulkowski suggested.
What we need to wait is whether the market falls back to the area within the red triangle and initiate an reversal.

Indicators like MACD is shrinking which could lead to a break-out or sideway situation.
Volume is also shrinking with higher top, which could be a dangerous signal to bullish view. meaning buying power to support higher top is weakening.

there are 2 possible target of the c3 of C wave: 23947-23979, and 24152-24153
These are the extension from the a wave of c3 and A respectively.
I also added an old top 24111 in Dec. 2013 as a reference point.

1928 possible gartley pattern

 it was under monitor of its possible formation of a kind of gartley pattern, now the development has proven it is valid pattern formation

reference for gartley pattern, in fact mine is not perfect one according to strict rules like this... anywayz, the proportion mostly fits

sp500 target

although it is not my market for trading, reference to it sometimes is useful especially during the time or big reversal could happen... the later range is about 1.618 of the former range in same direction... what can be more conclusive than this?

hsi td 20140717

唔遲唔早, 時間o岩o岩好就出招 (outside bar?)
Bradley big day was July 16, 2014...

1928 20140715

a repeated occurrence (?!)

high-high-land

I was wrong, it looks like this...