SPX
Just a quick heads up that my system is now flashing bright orange for a significant top.
Probably not the final top, but a meaningful correction just the same.
As a rough estimate, perhaps back down to the 4500 zone or below over coming months, in the more bullish case.
The granular EW counts have us just short of completing the leg up from Oct.
And for those itching to short, this is as yet just a hypothesis, waiting for
confirmation, then ALSO a corrective retrace setup at low degree for lower risk entries.
I’ll just add in this timely comment from elsewhere …..
Calvin J. Bear – Mon, Mar 4, 2024 – 09:20 AM
1. And the sorceries of the Pharmakea will deceive the whole world – check;
2. And the creatures arrayed for battle, with long hair like women and teeth like lion’s teeth, shall emerge from their holes and take and also kill all those without the mark [of Islam] on their foreheads – and those they take shall be as if stung by scorpions and their pains shall last for five months; and they have a king over them, who is called ‘The King of the Realm (‘Dunya’) of the Abyss’ (‘Abus’)- check -;
But this is not yet the end…
https://oldmoneysavoirfaire.blogspot.com/2024/03/not-metaphor.html
Chandler is also on it.
https://twitter.com/ChandlerTrading/status/1764787766393462918/photo/1
minor vth left to go (barring a 5th wave failure), into the large (3). Consistent with my POV.