Indeks S&P 500

HUGE PRICE SWINGS POSSIBLE

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-From now until the election I expect to see some very volatile price action. This is my view for the next few months. For the intermediate term we are in an expanded or running flat and are currently in wave B.

-We are currently in sub-wave C of B in the short term which looks to be forming an ending diagonal.

-Expect wave 4 to retrace into wave 1 (between 3160-3000) and then have another run up to 3750 to complete wave 5 before falling to new lows.

-Depending on if the pattern becomes a running or expanded flat price targets are 2860 - 2419 - 2181 - 1845 for end of wave C.

Penafian

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