Following on from our alternative account which has now become our primary count we have cleaned up the chart and think we are very close to the top of this B wave, as retail traders and the media are turning bullish on the stock markets we think it's a matter of time before the rug is swept out from under the bulls feet and we come crashing down to our target of 3200. A 1300 point move from current prices! What could spark such a sharp move? China invading Taiwan? Inflation staying stickier than analysts expect? Moving into a negative growth environment? There are plenty of things that could spark this move, what it will be is anyones guess. All we know is if our analysis is correct this move will be very sharp and catch a lot of people off guard.
Comment:
We've reached our target to sell the S&P 500, what could spark this move down? Could possibly be the earnings season with big banks to report today. Could it be the Fed meeting in less than two weeks? A further escalation of things in Ukraine? Plenty of possibilities. All we know is now we're at our sell target we will be looking for confirmation the market has topped and looking to sell this market hard.
