S&P500 - Beware - 60% downside potential

SP:SPX   S&P 500 Index
129 0 4
S&P             is completing its last leg to the upside
On both monthly & even daily chart , the market is finalizing its wave 5.

On daily chart , market is finalizing an ending diagonal with a wave 5 target of 2250.

A big and ugly bear market should then start with a target at 900 corresponding to previous wave 4 of lesser degree and 0.618 Fibo retracement
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