{"id":31600,"date":"2012-08-14T11:36:33","date_gmt":"2012-08-14T15:36:33","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=31600"},"modified":"2012-08-14T11:36:33","modified_gmt":"2012-08-14T15:36:33","slug":"sp-500-e-wave-to-rally-market-to-bull-cycle-highs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/14\/sp-500-e-wave-to-rally-market-to-bull-cycle-highs\/","title":{"rendered":"SP 500 \u201cE\u201d Wave to rally market to bull cycle highs"},"content":{"rendered":"<p><strong>David Banister- <a href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.markettrendforecast.com<\/a><\/strong><\/p>\n<p>In recent updates I have been projecting a series of ABCDE waves to take the Bull market to post March 2009 highs in the 1425-1445 ranges.\u00a0 The recent pullback was expected as what I was calling a \u201cD wave\u201d pullback, with an E wave to come.\u00a0 These final 5<sup>th<\/sup> waves or E waves can be extension waves or relatively benign, hence causing difficulty in forecasting the upper ranges.<\/p>\n<p>In the case of the SP 500 index, we have had a strong rally from the 1267 lows in early June to 1409 highs so far (The C wave highs) and recently a pullback into the 1390\u2019s (The D wave). This next leg up should carry the market indices towards the 1440 2008 interim highs which begat the last 5 wave down leg of the Bear cycle that ended at 666 on the SP 500.\u00a0 A case of down the mountain and up the mountain if you will since the 2008 highs to current pricing conditions at 1404.<\/p>\n<p>Once this E wave completes in the 1425-1445 ranges (With an outside shot at an extension blast to 1495) we should expect a fairly significant correction of the entire move from March of 2009.\u00a0 This final rally leg could top anytime between Aug 13<sup>th<\/sup> and August 22<sup>nd<\/sup> as I last updated, with potential to spill over into early September.<\/p>\n<p>A close over 1409 will confirm the \u201cE wave\u201d has begun in earnest and you may want to buckle up, as it could be the final blast before some rains begin to pour in the fall.<\/p>\n<p>If you\u2019d like to be up to date on the daily and weekly views of the SP 500 and GOLD and Silver, get a discount at <a href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.markettrendforecast.com <\/a>or sign up for our free weekly reports<\/p>\n<p><a href=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/08\/814-sp-500.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"814 sp 500\" src=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/08\/814-sp-500.jpg\" alt=\"\" width=\"620\" height=\"342\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>David Banister- <a href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.markettrendforecast.com<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Banister- www.markettrendforecast.com In recent updates I have been projecting a series of ABCDE waves to take the Bull market to post March 2009 highs in the 1425-1445 ranges.\u00a0 The recent pullback was expected as what I was calling a \u201cD wave\u201d pullback, with an E wave to come.\u00a0 These final 5th waves or E &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/14\/sp-500-e-wave-to-rally-market-to-bull-cycle-highs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SP 500 \u201cE\u201d Wave to rally market to bull cycle highs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-31600","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=31600"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}