Let's take a look at 
SPX
In the previous idea, the projected targets were reached.
Previous analysis:
The Most Likely Scenario Right Now
The Elliott Wave count suggests that the fifth wave is likely complete.
The market is currently in Wave B. A move back to 7,600, or slightly above, is expected before turning lower.
Initial Downside Targets
After that, the larger correction is expected to continue, although temporary rebounds may occur along the way.
Main Downside Targets
Be Cautious
The decline could develop much faster than expected, leaving very little time to react.
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SPXIn the previous idea, the projected targets were reached.
Previous analysis:
The Most Likely Scenario Right Now
The Elliott Wave count suggests that the fifth wave is likely complete.
The market is currently in Wave B. A move back to 7,600, or slightly above, is expected before turning lower.
Initial Downside Targets
- 7,100
- 6,950
After that, the larger correction is expected to continue, although temporary rebounds may occur along the way.
Main Downside Targets
- 6,540
- 6,200
- 5,870
Be Cautious
The decline could develop much faster than expected, leaving very little time to react.
---
Liked the idea? Hit Boost 🚀
Disagree? Share your targets in the comments.
---
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.