Today I want to discuss about the bull and bear cases for S&P and introduce the fractal concept
Bull case: Cup with a handle uptrend can be considered 1-2-3 wave and recent downmove as 4th wave it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal downtrend sub-wave 5 ended on uptrend wave 1
Bear case: Fractal retracement % is very close both retracements reached peak of wave 2 of same degree Preferred Elliott Wave Counts Risk-reward is better on the short side now speed of upmove
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