Is JNJ the Canary in the Mine Screaming "Bear Market"?

Very interesting Elliott wave count here.
This is JNJ, the seventh component of the S&P 500.
The guideline of equality suggests that this huge impulse started in 2009 is done (we have W1=W5 here).
Chart PatternselliottwaveprojectionelliotwaveanalysisTechnical IndicatorsJNJjnj_buyjnj_longjnjlongjnj_shortjnj_tradeWave Analysis

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