laulonskov98
Short

The coming days could be red

TVC:SPX   S&P 500 Index
It looks like we've reached a top of wave 2 for the current C wave and we're know preparing for a move further down. I've drawn a possible pattern we could follow the next weeks. Wave 1 of the C wave was 155 points, so we should see wave 3 be even large then that - possibly moving down to around 2900 before wave 5 could reach 2800 which would act as a very strong support for the market to bounce off of. A wave down below the bottom of wave B where i've drawn the red line would be confirmation that we're in a strong move down.

Comments

No sir, i guess the second stimulus check will change everything
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@mohacg, yep, it looks like the count turned bullish
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