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YMI

2019 vs. 2008 comparison

Short
S&P 500 Index (SP:SPX)  
YMI Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis Stocks stocktrading S&P 500 (SPX500) SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) stockmarketanalysis
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trendanalysis chartpattern waveanalysis stocks stocktrading spx500 spx spy stockmarketanalysis
Heres an updated look at the 2008 chart overlayed on the current price action. Based on the chart I am expecting a slight rally and consolidation period in the beginning of the year, Q1 +Q2, before trading lower and continuing to the downside. Once we see a weekly candle closure below 2400 I believe we will trade much lower to 2100 and ultimately the 1500 region from 2000/2008.
Comment:
snapshot
Current wave structure
Comment:
snapshot
Monthly H&S pattern. A short term rally to 2600-2700 would form the right should and a closure below 2400 would confirm this pattern.
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