S&P 500 IndexShort
THE CRISIS BEGINS
Updated
On the chart we can see the Expanded FLAT correction. Wave a was created in March 2020. Wave b reached almost 138.2% of wave a. Notice the huge bearish multiple divergence on RSI, which formed for 3 years. Now it looks like we are at the beginning of wave c. This would mean a correction of more than 55% to the levels of 2013. In the expanded FLAT correction, wave c must return 138.2% of wave b.
On the daily chart we see a huge rising wedge. There has been a breakthrough today, which could be the first signal of a crisis.
I see another signal on the dollar index, which has an inverted pattern like the S & P500. Falling wedge. There was a breakthrough and testing. We are now creating a higher high and breakthrough MA100.
On the daily chart we see a huge rising wedge. There has been a breakthrough today, which could be the first signal of a crisis.
I see another signal on the dollar index, which has an inverted pattern like the S & P500. Falling wedge. There was a breakthrough and testing. We are now creating a higher high and breakthrough MA100.
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