So this is the S&P 500 from 21st April 2022.
We can see price is tracking down the channel
Using the last channel high / low and recent retracement , it is likely an intra-channel N wave (ABC) will develop.
So a target is given based upon
1. Price extension for the development of an N wave.
2. Time cycle ( for the 3 wave of the a potential N wave) of 9 days.
This interim target is around 3380.
We can see price is tracking down the channel
Using the last channel high / low and recent retracement , it is likely an intra-channel N wave (ABC) will develop.
So a target is given based upon
1. Price extension for the development of an N wave.
2. Time cycle ( for the 3 wave of the a potential N wave) of 9 days.
This interim target is around 3380.