CountLikeWallStreet

More downside is imminent

Short
CURRENCYCOM:US500   US 500
Adjusted for inflation , 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there.
keeping fundamentals aside, our legendary forecasting tool indicates further downside is coming.

previous forecast:

please keep in mind this entire idea can be wrong



Trade active:
We have the setup now to short
Comment:
Any rally on FOMC is shortable we have so much downside to go. My model indicates 3200-3000 to be the end of bear market.
Comment:
Any rally on fomc is shortable, hope you got it .

Was a very nice day ,good night
Trade closed: target reached:
I'm out , it won't stop until forming new Lew .

Time The Market
(missing puzzles of Elliot wave)


📜 Research Paper (EW 2.0 with new rules)
🎥 One Hour Videos (pattern recognition)
🧑‍🔬 Entry & Exit Strategy
📚 Trading psychology
⏳Only for $1000

direct message me for more details
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.