SPX main target for the whole move down is at low 2400!
Sometime things are super simple!
This low wont be even lower then 2020 lows!
I did expect the 2020 lows to be re-visited since Jan-Feb of this year!
Well its coming imo
Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know.
I would like to see that low to be seen in Nov and Q1 next year to be a higher low.
Then we rally so hard into 2025-26!
Have a good night
This low wont be even lower then 2020 lows!
I did expect the 2020 lows to be re-visited since Jan-Feb of this year!
Well its coming imo
Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know.
I would like to see that low to be seen in Nov and Q1 next year to be a higher low.
Then we rally so hard into 2025-26!
Have a good night
Nota
Today we held 50% retracement off 2020 lows, should of check that yesterday, as I have removed that target from my charts recently.There are extensions lower and I think we get much lower before its over.
Here is the ruling for the wave 5 down (which should mark the A wave of this bear market)
If wave 1 and wave 3 are not extended (wave 3 not > 1.618 of wave 1), look for wave 5 to extend.
Nota
- There is a good fib confluence at my 3212-42SPX zone, expect the price to hold there for another bounce.- There is next fib confluence at 2800 zone
Expect huge bounces during huge down days!
Penafian
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