claydoctor

SPX500 Simple, clear, or not so clear?

Short
FX:SPX500   S&P 500 Index
1
If the (take your pick) 3 drivers or 3 falling peaks completes to the yellow circle, even if it meanders a bit to get there, seems pretty clear it should, the big question is, where do we go from there. Down to fib 1.618 seems a candidate or up to touch the upper trend line again. average drop after completion of 3 falling peaks (if that is what we have here) is 17%.
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