INDEX:SPX   S&P 500 Index
167 1 1
$SPY we can correct all the way to 996-1014 in about 1.5 years
Yes I agree! Seen through the Elliott wave theory it is certainly a possibility. We have, however, no confirmation of this possible move yet. We need to see a even more bearish move then we have the seen already with this recent downleg. A move to the pivot/level of 1590ish, would giving us such a conformation. It will at the same time setup the outline of s bigger SHS formation. But as always in life nothing is for certain. Why wait 1,5 year for this move when another flash crash can do it in less time ;). Safe trading! BM
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