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kavindajd

SPY/SPX Leg Down

Short
S&P 500 Index (OANDA:SPX500USD)  
kavindajd Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis
6
0
trendanalysis chartpattern waveanalysis
100% retracement of wave A expected. Using the data from Wave A, this prediction can be made.
Comment:
Wrong again.Tested the 618 FIb level and failed. Waiting for a retest to short. If this is the end of Wave C, a target of 2700 is probable before another major correction.
Of course, depending on FED intervention and Gilead's optmisic views on remedisivir.
Comment:
Outcome:
Chart shows the two fib lines above Wave C was hit and was tested as resistance.
Wave C was incorrectly positioned.
Did not forsee a flat correction!
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