S&P Ready For A Bounce
Updated
Getting buy signals and very bullish momentum on every chart here. The S&P has potentially completed a zigzag starting at the highs. This zigzag does not tell us much about where price is heading but we should be up from here. It could just partial retrace and get a b-wave, or it could full retrace and make new all time highs. Either way this will probably go back to at least 4600. The max target would be this is just the bear trap before we see the "real" bubble which could take the S&P over 10000 in a few years, which fits with my ultra bullish Bitcoin thesis.
Wave-c appears to be a terminal impulse so it should be retraced in less than 50% of the time it was formed, and likely the whole zigzag will be retraced because wave-c is smaller than wave-a, meaning this is likely heading back to all time highs from here.
Wave-c appears to be a terminal impulse so it should be retraced in less than 50% of the time it was formed, and likely the whole zigzag will be retraced because wave-c is smaller than wave-a, meaning this is likely heading back to all time highs from here.
Comment
Wave-c was retraced in less than 50% of the time it took to form, so the probability that we have completed a terminal wave-c here and will fully retrace the entire correction relatively quickly has increased.
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