I'm hoping I'm counting this wrong lol but if this is indeed the end of wave 3 for the S&P cycle, there's a huge potential downside move as the market enters the corrective wave 4. The market fundamentals are still bullish and there's nothing suggesting we're in for a downturn just yet, but it's an interesting observation.
As always will be keeping a close eye on the chart.
As always will be keeping a close eye on the chart.
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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.