You can see from the chart, starting of Wave 1 in March 2009, till today's Wave 5, I believe S&P is reaching the end of it's five wave cycles.
The white line Wave 5 is reaching the Elliott Wave upper trendline channel (yellow). I don't think a "throw over" will happen, for sure, it is probably just one month away from reaching the upper trendline. On the internal of Wave 5, I realized we're only in wave 3 of daily wave, so we still have a short final run.
I'm waiting for a final fractal to show up on the monthly chart, and thereafter the great run of S&P will probably come to a final end, and for sure I will not want to be involved in corrective waves (I will short sell), which can be extremely dramatic.
I also noticed since Nov 2022 the volume is on a slight decrease, which is a divergence of price, which is not a good sign.
What can trigger a S&P crash?
The white line Wave 5 is reaching the Elliott Wave upper trendline channel (yellow). I don't think a "throw over" will happen, for sure, it is probably just one month away from reaching the upper trendline. On the internal of Wave 5, I realized we're only in wave 3 of daily wave, so we still have a short final run.
I'm waiting for a final fractal to show up on the monthly chart, and thereafter the great run of S&P will probably come to a final end, and for sure I will not want to be involved in corrective waves (I will short sell), which can be extremely dramatic.
I also noticed since Nov 2022 the volume is on a slight decrease, which is a divergence of price, which is not a good sign.
What can trigger a S&P crash?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.