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.
Comments
szey
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Thanks, I agree it will go down but how you get the 2050 number?
AndyM
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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.