SPX bear scenarios: S&P500 may take one more dip
Updated
Just throwing some Fib + EW scenarios for study.
The correction MIGHT actually be over.
The Fed was a little dovish last weak.
That may have been enough to turn it back upward.
As well, considering the historical ''Santa Claus'' rally, it might move up towards end of year.
SO, this chart is actually contrary to what history indicates.
BUT I will be watching for a rise and then signs of exhaustion.
The correction MIGHT actually be over.
The Fed was a little dovish last weak.
That may have been enough to turn it back upward.
As well, considering the historical ''Santa Claus'' rally, it might move up towards end of year.
SO, this chart is actually contrary to what history indicates.
BUT I will be watching for a rise and then signs of exhaustion.
Note
So a wave 3 looks well under way Note
Just posted a short term update looking for the next target where we might get a bounce 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.