Short Outlook on S&P 500

2020年4月24日

I’m still not convinced that we are going to all time highs anytime soon.. test of March lows need to happen for validation.

I’m not a perma bear but I’m skeptical of this bounce from the lows. I expect a retest, and if lower than 2200’s then I expect a drop down to 50% of February 2020 peak which is around 1600-1800 range.

Please trade at your own risk, do your research. Don’t take it as the Bible.

2020年4月25日

註釋

Closed below the week below trend line

2020年5月2日

註釋

We're above the .618 fib ext. This could be wave 5 as we can already see a decline.

Below 2770, then we see further downside.

2020年5月11日

註釋

Still appears Wave 5 was on April 30th, should be getting three corrective waves down to between 2630 to 2790 range