Has the S&P500 topped? I don't think so.
Long term fib channel and EWT count shows we are not done yet. Expect the market to top at the upper boundary of the channel.
#SP500 #SPX
š§µ1/
Long term fib channel and EWT count shows we are not done yet. Expect the market to top at the upper boundary of the channel.
#SP500 #SPX
š§µ1/
Short term rejection from the 88.6% fib and upper trendline.
78.6% fib and 4000 psychological support just below current price. Further downside, if there is any, should be held there, not withstanding wicks.
#SP500 #SPX
š§µ2/
78.6% fib and 4000 psychological support just below current price. Further downside, if there is any, should be held there, not withstanding wicks.
#SP500 #SPX
š§µ2/
It's about a 50% climb to the top of the fib channel, line in red, ~6200; which is a little more than a 61.8% extension for wave 5.
Top target range is 5600-6200.
#SP500 #SPX
š§µ3/
Top target range is 5600-6200.
#SP500 #SPX
š§µ3/
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