S&P 500 (SPX) Analysis
SUMMARY
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https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
It takes real guts to make these short calls in a market where people are irrationally overconfident and think their markets can't fail. For some reason, despite extremely expensive valuations and debt continuing to soar, experts as well as regular investors seem to have forgotten what its like for markets to enter a corrective mode. Their optimism was the cause for the last extreme down cycle, no doubt it will be the cause for the next. Even from a technical standpoint, the main daily/weekly timeframe waves point to the same direction of the smaller waves in each fractal. Every timeframe is painting the same picture, I have no idea why people cannot see the slowdown incoming.
Economic data is still to strong to make the call for a recession.
For right now, yes. We're just slowing down for now.
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I like your count!!! Curious whats going to happen Monday......I was thinking down.....