Hello, traders!
It looks to me as things are getting seriously ugly. This could be the beginning of wave E of an expanding triangle that may have started on the dot.com crash back in 2000. If so, wave E would be tremendous, taking S&P 500 below 666,79...
Just one more idea, 2134 corresponds to the 360º level (maximum for the positive side) of Gann Square of Nine applied on 666,79 (end of the supposed triangle's wave C). Applying the same tool now on 2134, the -360º level results in 1.735, which who knows could be the end of wave 5 of the motive wave plotted on the chart, which could then be the end of wave A of W of E.
It looks to me as things are getting seriously ugly. This could be the beginning of wave E of an expanding triangle that may have started on the dot.com crash back in 2000. If so, wave E would be tremendous, taking S&P 500 below 666,79...
Just one more idea, 2134 corresponds to the 360º level (maximum for the positive side) of Gann Square of Nine applied on 666,79 (end of the supposed triangle's wave C). Applying the same tool now on 2134, the -360º level results in 1.735, which who knows could be the end of wave 5 of the motive wave plotted on the chart, which could then be the end of wave A of W of E.