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S&P500 - Beware - 60% downside potential
S&P 500 Index
Short
S&P500 - Beware - 60% downside potential
By Loic
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Oct 4, 2016
4
Oct 4, 2016
S&P is completing its last leg to the upside
On both monthly & even daily chart, the market is finalizing its wave 5.
On daily chart, market is finalizing an ending diagonal with a wave 5 target of 2250.
A big and ugly bear market should then start with a target at 900 corresponding to previous wave 4 of lesser degree and 0.618 Fibo retracement
Loic
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