S&P 500 IndexShort
Very Bearish Elliott Wave Pattern
The S&P 500 (SPX) since its all-time high appears to be forming a series of "one's" and "two's " to the downside.
This could be the prelude to a very large decline in early 2025.
Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.
This could be the prelude to a very large decline in early 2025.
Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.
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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.