Loic
Short

S&P- Beware - it looks very toppish - Ready for a 60% downside?

FX:SPX500   S&P 500 index of US listed shares
143 1 6
S&P             is in a very mature phase.
We are in wave 5 of 5.

Tough to call the top but we seem to face a ending diagonal in wave 5 ( daily chart )
Wave 1 to 4 are completed.
A last rise forming wave 5 to 2250 should be expected.

Once complete, we will enter a big & ugly bear market as full Elliott sequence of 5 wave will be complete.

Market correction will bring us to previous wave 4 of lesser degree with a 0.618 Fibo retracement at 900.

JunaidiChen
2 months ago
Good day. How do you get 2250 from?
Reply
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