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 my analysis of the more "conservative" projection I’ve been expecting, but make no mistake—THIS SCENARIO CANNOT BE IGNORED.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
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