SPX Long-term Analysis

In the long zoom S&P500 is on downturn bearish, after remaining bullish for a couple of decades; the bearish continuum is a cyclic correction as per the Elliot theory pertains it which will unfold in 3 steps; [Wave A] will be a dive into the 3600 zone following with a slow paced unfoldment of [wave B] upward, a phony bullish trap to most into the range of 4500 with the pursuing plunge and the final downturn as the [Wave C] balancing out the total growth of SPX into 1/50% or to an alternate scenario 1/.618%.

P.S. Method of analysis is derived from the original Elliot Wave Theory and is subjective to personal inference as an empirical hypothesis.


Mz. Kaihaan