S&P Ready For Next Wave Down?

Updated
The S&P has just completed a nice Flat pattern. We should be beginning the next wave down now, which could be bigger than the last. We could see a rapid increase in volatility, which has remained low despite entering into a technical recession today.
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Chart PatternsDivergenceDJIElliott WaveTechnical IndicatorsQQQS&P 500 (SPX500)Wave Analysis

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