Using the Elliot Wave Theory on the S&P, if this plays out, things could get really ugly in the near future. US economy already looks weak with the fundamentals lining up
We already recently seen a strong climb back up with the bulls seeming to exhaust out. S&P has already started to see some significant red candles over the past few days. Could this be the start for us to head back down to equilibrium of where prices should be normalized once again and get out of our over inflated market and economy. We shall see !
We already recently seen a strong climb back up with the bulls seeming to exhaust out. S&P has already started to see some significant red candles over the past few days. Could this be the start for us to head back down to equilibrium of where prices should be normalized once again and get out of our over inflated market and economy. We shall see !
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The S&P is falling slowly but relative to this graph, hasn't made much movement yet