S&P 500

4 Dec 2021 ‚óŹ 02:53 AM

What this chart means is that we are only at the bottom of wave II of a larger 5th wave and very close to the lower channel support where the risk-reward becomes skewed to the upside. In plain English, that means that all you "End of the World Guys are still wrong", and if you focus we may be back at all-time highs in Jan 2022. Note waves 1 and 3 were extended and therefore it is ideal to start with the expectation that wave 5 will also extend or subdivide into 5 waves and not truncate.

Comments (0)


Latest Articles