SPX is completing Bear Market Rally
TD Sequential "9" printed: Last occurrence of Red 9 was at 3300 ATH right before drop in late Feb
Retraced to 0.618 FIB (Log) at 2850 from local bottom at 2100
Elliot Wave:
Wave 1: 3300 to 2100 (record SPX drop in late Feb/ early MAR) - COVID-19 scare
Wave 2: 2100 to 2900 - Bear Market Rally on Fed Stimulus + Flatten Curve
Wave 3: 2900 to 1500 or lower... unraveling this recession/depression
TD Sequential "9" printed: Last occurrence of Red 9 was at 3300 ATH right before drop in late Feb
Retraced to 0.618 FIB (Log) at 2850 from local bottom at 2100
Elliot Wave:
Wave 1: 3300 to 2100 (record SPX drop in late Feb/ early MAR) - COVID-19 scare
Wave 2: 2100 to 2900 - Bear Market Rally on Fed Stimulus + Flatten Curve
Wave 3: 2900 to 1500 or lower... unraveling this recession/depression
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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.