Indice S&P 500Short
Watch for a repeate of Feb/March 2022
Elliot Wave Analysis:
After we completed 3 sets of 5 waves up between 2010 and 2022 we got 3 waves down, and a wave 4 or D up. Most traders believed we were going back to the 10 year Bull Market, and new ATHs, again. However I pointed out the tripple thrust elliot wave pattern, little known outside of EWT theorists... Let's call it a lower high, and suggested we could go down very fast and hard into a bear market cycle. That prediction happen and took the ES from 4638 to 3488 eventually.
What I am suggesting is that after we go down, what i have labeled ABC on the right side of the chart, we can expect an up move, which might be a corrective 4th wae, and lead to weeks or months of fierce selling.
I will keep you posted, we are only on wave A, or 1 down now.
After we completed 3 sets of 5 waves up between 2010 and 2022 we got 3 waves down, and a wave 4 or D up. Most traders believed we were going back to the 10 year Bull Market, and new ATHs, again. However I pointed out the tripple thrust elliot wave pattern, little known outside of EWT theorists... Let's call it a lower high, and suggested we could go down very fast and hard into a bear market cycle. That prediction happen and took the ES from 4638 to 3488 eventually.
What I am suggesting is that after we go down, what i have labeled ABC on the right side of the chart, we can expect an up move, which might be a corrective 4th wae, and lead to weeks or months of fierce selling.
I will keep you posted, we are only on wave A, or 1 down now.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.