Bearish case for equities.
Chart comparing DJT and SPX. DJT in wave ((c)) of regular flat, SPX in wave ((c)) of expanded flat.
SPX showing ending diagonal (wedge) to complete wave ((b)).
Bottom of SPX pitchfork (blue line) broke support and now acting as resistance.
This count anticipates each market to soon have a large (15-20%) 5-wave impulsive move down, DJT to complete wave 5 of (3) of ((c)) and SPX to complete wave (3) of ((c)).
After this proposed move, each market will have completed its wave (3) of ((c)).
I would expect wave (4) to be zigzag corrections for DJT and SPX before large wave (5)'s
to take price down towards March 2020 lows.
Chart comparing DJT and SPX. DJT in wave ((c)) of regular flat, SPX in wave ((c)) of expanded flat.
SPX showing ending diagonal (wedge) to complete wave ((b)).
Bottom of SPX pitchfork (blue line) broke support and now acting as resistance.
This count anticipates each market to soon have a large (15-20%) 5-wave impulsive move down, DJT to complete wave 5 of (3) of ((c)) and SPX to complete wave (3) of ((c)).
After this proposed move, each market will have completed its wave (3) of ((c)).
I would expect wave (4) to be zigzag corrections for DJT and SPX before large wave (5)'s
to take price down towards March 2020 lows.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.