SPX Long-term Analysis
In the long zoom S&P500 is on downturn bearish, after remaining bullish for a couple of decades; the bearish continuum is a cyclic correction as per the Elliot theory pertains it which will unfold in 3 steps; [Wave A] will be a dive into the 3600 zone following with a slow paced unfoldment of [wave B] upward, a phony bullish trap to most into the range of 4500 with the pursuing plunge and the final downturn as the [Wave C] balancing out the total growth of SPX into 1/50% or to an alternate scenario 1/.618%.
P.S. Method of analysis is derived from the original Elliot Wave Theory and is subjective to personal inference as an empirical hypothesis.
Mz. Kaihaan
P.S. Method of analysis is derived from the original Elliot Wave Theory and is subjective to personal inference as an empirical hypothesis.
Mz. Kaihaan
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.