Welcome to Wave C

After the drop from ATH, I believe the downtrend is started for wave c which still looks to be in play the medium and short term trend is ugly. Emergency Fed meeting? I think it’s price in, as always rate hikes were transitory. Could have been the plan all along might have to wait a while for new highs if confirmed. Look at the TIPS until the Fed steps in PT 3900.
Beyond Technical AnalysisChart PatternselliotwaveanalysisfedS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer