Bottom in? NOPE. Still expecting one more wave down to complete the bearish 5-wave diagonal from the 6147 peak. $S&P 500(.SPX)$ traced out a potential bearish 4th wave triangle at close, so we should begin the 5th wave immediately targeting 4800-4720.A break above 5120 is a warning sign this set up will fail with 5246+ as the hard invalidation.If we do produce the projected 5th wave decline, there will then be great risk for a multi-week rally. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2506(ESmain)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$
Is SPX completing the GRAND CYCLE of the overall impulse?
This projection shows $S&P 500(.SPX)$ completing the GRAND CYCLE of the overall impulse from the 1871 origin to the 2025 peak. This suggests we may be heading toward the GREATEST STOCK MARKET CRASH OF ALL TIME with the 2020 low being the BARE MINIMUM target. The damage could extend far beyond that with the 2009 low being the WORST CASE SCENARIO. It is so bearish, I cannot project it out.How likely is this? Predicting a crash of this magnitude is obviously not easy, but unfortunately, this ultimate time frame wave count is exceptionally clean, abiding to highly common Elliott Wave fib measurements with price confined perfectly within a channel.You can literally put this in a textbook as to what an impulse wave typically look like. I will share
Is $S&P 500(.SPX)$ going to keep FREE FALLING, or are we close to a temporary bottom? 😱I’m diving deep into the wave count to reveal my expectations for the upcoming weeks, including my BEARISH LONG-TERM TARGETS and the projected path ahead. 🚨You DO NOT want to miss this !5120 target reached✅Watch for a 4th wave bounce here to 5240-5280.Expecting that to be sold, but may wait until we get a green candle Monday to sell off for the 5th targeting 5000 or lower. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2506(ESmain)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$
$S&P 500(.SPX)$ terminated the 2nd wave and is primed for the ULTRA BEARISH 3RD WAVE FLUSH ! Price holds a bearish WXY model with an impulse down from the 5786 2nd wave extreme that should not be crossed targeting 5390-5210-5120 for the 3rd.Even if the 2nd wave tries to exaggerate, we're still targeting a sharp pullback to 5603 – nothing changes.The multi-year bear market has officially begun, and it's about to make its presence known in a BIG way. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2506(ESmain)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$