AndyM
Short

SPX may break below 2100, 2046-2065 next target

FX:SPX500   S&P 500 index of US listed shares
354 4 12
SPX             is completing an abc correction, we had a triangle in the middle - so this is clearly a zigzag, and it will be retraced soon. I think we are dealing with a series of 1-2-1-2 waves where waves 2 are often very very deep. This is usually followed by a very strong wave 3 of 3. This is why I think it's realistic to reach ~2050 next week or 1 week after.
johninthai PRO
2 months ago
agree
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szey
2 months ago
Thanks, I agree it will go down but how you get the 2050 number?
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AndyM PRO szey
2 months ago
It's between 1.382 and 1.618 extension of green wave 1 - but I think this will extend further. The series of 1-2-1-2 with such deep corrections produce extremely powerful wave 3.
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szey AndyM
2 months ago
Thanks
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