SPX - Huge unemployment = huge drop

By donaitelo
Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 2000.
500crysisDROPElliott WaveFundamental AnalysisParallel ChannelSPX (S&P 500 Index)S&P 500 (SPX500)

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