Loic
Short

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

FX:SPX500   S&P 500 index of US listed shares
148 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.

Good day. How do you get 2250 from?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out