The S&P 500 (SPX) could be very near the completion of a 28 – month extended Elliott Impulse wave that began in October 2022.
There are always alternate Elliott wave counts. Followers to my website will notice that the count illustrated in this post is slightly different to what was shown on the website. Both wave counts have the same message – a multi – month or even a multi- year SPX bear market could begin in a few trading days.
Both weekly RSI and MACD have multiple bearish divergences which imply the SPX could soon decline 20% or more!
I will soon post another shorter – term SPX wave count illustrating a fascinating Elliott wave structure.
There are always alternate Elliott wave counts. Followers to my website will notice that the count illustrated in this post is slightly different to what was shown on the website. Both wave counts have the same message – a multi – month or even a multi- year SPX bear market could begin in a few trading days.
Both weekly RSI and MACD have multiple bearish divergences which imply the SPX could soon decline 20% or more!
I will soon post another shorter – term SPX wave count illustrating a fascinating Elliott wave structure.
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