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ChartProphet

SP500 Top, 50% retrace back down to 2800

Short
S&P 500 Index (FOREXCOM:SPX500)  
ChartProphet Updated   
FOREXCOM:SPX500   S&P 500 Index
Beyond Technical Analysis Technical Indicators Trend Analysis S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) marketcrash blackmonday blowofftop
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beyondta indicator trendanalysis spx500 spy marketcrash blackmonday blowofftop
Looks like we could be dropping down to $3000 fairly quickly and then settling down around $2800. I think that the Coronavirus in combo with a possible top being reached could result in a major retrace. This is forward thinking and doesn't have the usual evidence that TA should. You can consider this to be speculation at best, this is certainly not financial advice.
Comment:
Nailed it. Now watch for continuation.
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