This is a bear alert! This is a bear alert! Since the 10/27/23 bottom the SPX has been on a relentless rally. There’s a good chance the SPX could make an intermediate top early in the SPX session on 12/20/23.
Daily RSI is deep in the overbought zone with a declining CCI – a strong signal of a possible drop lasting perhaps one or two weeks.
Intra day Elliott wave structure suggests a fifth of a fifth wave could be complete in the first 15 minutes of the SPX 12/20/23 trading session.
SPX 4774 was at the bottom of the first SPX decline after its all-time high of 4818 on 01/04/23. SPX 4774 is the bullseye resistance target.
This is a bear alert!
Daily RSI is deep in the overbought zone with a declining CCI – a strong signal of a possible drop lasting perhaps one or two weeks.
Intra day Elliott wave structure suggests a fifth of a fifth wave could be complete in the first 15 minutes of the SPX 12/20/23 trading session.
SPX 4774 was at the bottom of the first SPX decline after its all-time high of 4818 on 01/04/23. SPX 4774 is the bullseye resistance target.
This is a bear alert!
