ponzialchemist

SPX - Year ahead

Short
SP:SPX   S&P 500 Index
EW Expanding diagonal in making as mentioned in my earlier charts. Currently finishing the X wave before the final capitulation Z wave. Expect this X wave to get hammered around ~4300 region. (W) of the Z wave should bounce around 100EMA back to 50EMA before the final dive. VIX Geyser incoming.
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Posting here just for the record.
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Never made it to 1.618 fib, 1.272 capped it. Large distribution is in progress, rightfully. Coming week will be pivotal and most likely range break to the downside -
Comment:
Wrong. Will share the updated analysis soon, SPX doing a large WXY should be heading >4400.
Order cancelled
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Will reevaluate around ~4260
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TOP is in, move came a day late.
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X wave could go much higher with current momentum -


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