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Make or break. Elliot wave count for the capitulation event
S&P 500 Index
Short
Make or break. Elliot wave count for the capitulation event
By Doge_Dean
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Dec 1, 2022
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Dec 1, 2022
Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed.
It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible.
Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself.
I'm long volatility via VIX Call options and CFDs.
What do you guys think?
*not financial advice.
Beyond Technical Analysis
bulltrap
capitulation
Chart Patterns
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SPX (S&P 500 Index)
S&P 500 (SPX500)
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