SPX
https://www.investing.com/analysis/sp-500-is-the-bull-unstoppable-200648686
bullish either way, in due time
but near term path for that is uncertain
https://www.investing.com/analysis/sp-500-is-the-bull-unstoppable-200648686
bullish either way, in due time
but near term path for that is uncertain
I’m in the “yes, one or the other” camp, based on my sixty years of following the markets, and twenty years of charting them. (tee hee)
In fact it could be BOTH. First the smaller drop & then rally.
AND THEN the larger c of 4 shown.
Either way, my work suggests we get the c of 4, directly or soon.
Just finished reading and Arnout says
“Lastly, the chart also has the potential green W-4? and W-5? labels because we cannot know yet if the rally from the April low will become an impulse. That, in turn, will (WOULD) shift the black W-3 top forward as well. ”
which is what I stated in the comment above also.