S&P Elliott Correction Wave

17 Eki 2019

S&P looks to have reached a peak for the time being with a correction in the works. The potential for a triple top reversal is possible as there continues to be increasing downside risk (Trade War, Brexit, consumer confidence, impeachment, global economic outlook, and slowing Chinese economy to name a few). Additionally, a major catalyst that could help the S&P to remain bullish would be some major posiitve trade war action. Your continued constructive criticism is appreciated as I work on improving.