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Dr_Roboto
Dec 7, 2020 1:28 AM

S&P 500 motive waves from March low to 4000 

US SPX 500OANDA

Description

Okay, I feel the need to publish something that is more bullish than bearish this week. Here is my wave analysis and how I think it gets to 4000. This aligns to my idea last week for the NASDAQ hitting 14,000.

In case you want to know how I came up with this set of waves.


And how it fits with old school trend lines and rising wedge pattern analysis.


From 2009 using 1W time frame



Comments
dhman2012
Great analysis. I think there'll be a bump around $3750-ish. Then there'll be another rally that'll carry S&P to 3900-4000. We'll probably see a big correction (10-20%) at that point or maybe bigger correction if there are a lot of insolvency or post-covid economic data doesn't look good
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