Spx is currently approaching the highest probable target for a wave 3 aka 1.618 fibonacci level. with the subwaves also finishing in this zone we will likely see huge resistance and algorithms taking profit. the consequence will be a multy year correction into a wave 4 before we begin pushing up into a 5th elliot wave and all time highs around 4000. with that last push to 4000 or maybe beyond it will be fast and violent.we should see a huge wick reversal candle which will mark the beginning of the end for the us empire.it had a nice run but the bears will eventually push this back down to the golden zone or beyond with a 3 decade long bear market before we see signs of life again
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Hi everyone .I have been away but the current market conditions are pulling me back to help some of you navigate the current market volatility. This chart is still in play.I'll be doing a SPX SPY DJI technical analysis in one video to some up what we have incoming in the markets