SPX is completing Bear Market Rally
TD Sequential "9" printed: Last occurrence of Red 9 was at 3300 ATH right before drop in late Feb
Retraced to 0.618 FIB (Log) at 2850 from local bottom at 2100
Elliot Wave:
Wave 1: 3300 to 2100 (record SPX drop in late Feb/ early MAR) - COVID-19 scare
Wave 2: 2100 to 2900 - Bear Market Rally on Fed Stimulus + Flatten Curve
Wave 3: 2900 to 1500 or lower... unraveling this recession/depression
TD Sequential "9" printed: Last occurrence of Red 9 was at 3300 ATH right before drop in late Feb
Retraced to 0.618 FIB (Log) at 2850 from local bottom at 2100
Elliot Wave:
Wave 1: 3300 to 2100 (record SPX drop in late Feb/ early MAR) - COVID-19 scare
Wave 2: 2100 to 2900 - Bear Market Rally on Fed Stimulus + Flatten Curve
Wave 3: 2900 to 1500 or lower... unraveling this recession/depression