Elliot Wave says we're at the end of 5th wave. How long before S&P crashes? This either happens in june, though it is unlikely, or in september. BEARISH DIVERGENCE ON MONTHLY RSI. Like all S&P crashes, each one of them had a bearish divergence on RSI, as you can see, both on first and third point of elliot wave. Why it will happen? Stocks have too high P/E ratio, US Economy real data simply contradicts this S&P bubble. Bullish trend is weakening on ADX/DMI, MACD just made a cross for a bearish trend, and I doubt it will go up more. If it does, prepare for a hard fall. Clock is ticking, tick tock...
Edit: Targets: Likely a 1700 would be a fall that will happen in 3-6 months time. Worst case scenario, S&P will make a lower bottom than the first and the second, going all the way to 600. If it would happen, it will take 1-2 years to reach 600.
Komen
⋅
The top was 2137, so it was pretty close, target could be 1600