chartmentors

Bearish Case for S&P 500

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
I maintain a bearish view on the market despite the most recent breakout. If my analysis is correct, 2974, the 78.6% retrace, will be the top of this move, then a sharp drop to low 2700s to complete the C wave, followed by a bounce and more lingering in low 2700 before a rapid drop to low 2000 to complete the E wave.

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