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IndexVision
Jun 19, 2020 8:45 PM

S&P500 might see it´s next correction by -50% Short

TVC:SPX1M
S&P 500 IndexTVC

Description

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In case Mr.Elliott is right, we might see the S&P500 in a down move to 1700 in the next 2 years. If the Elliot Wave Count here is wrong, the worst could be behind us and new All-Time-Highs in most of the indices are coming.

  • Backtesting the cycle breakout area @ 1550
  • Golden-Pocket support @1700 - 1620
  • Support of the downtrend @ 1700
  • RSI Bearish Divergence
  • Test of the 90+ Year Trendline


>> And never fortget ! -- Plan your trade and trade your plan ! <<
Trend AnalysisChart PatternsWave AnalysisS&P 500 (SPX500)SPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) elliotwaveanalysis
Comments
TheBadMrFox
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tomorrow.
ProfitHarvest
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For a long time there were only a few weak-medium data points roughly pointing to potential 1600 ultimate bottom.

Today is the first time I’ve see strong 1700-1750 bottom calls and yours is the 3rd confirm on that.

Very interesting shift in the data after Friday close!
THeLIStR
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Doesn't make much sense to compare this crisis to the full blown 2009 financial crisis to me. That one was pretty historic.
tuongvy0501
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my target is 165. i just dont know when it will come
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