SP500 Update

Like in Nasdaq I am reverting to my earlier chart with a giant expanding triangle. Here, however, it does not look as technically correct as in Nasdaq. I do not see the price rallying much over 4330 which is a very strong level and this will not allow to make connect A, C and E points with a line. We'll see.

Let me repeat that I like the idea of a big expanding triangle for that it is the perfect way to strip the remaining cash from the bull and bears. Leave everyone confused with wild swings. Trigger FOMO once again in the wave E, make people pile in for another last time before collapsing to new lows, cleansing the superabundant cash from the system.