Updated

SPX - Could this be it?

Fundamentals will change if this is it. Expecting fear to subside starting next week and strongly after March 29th.

However technically, if the correction was ABC, then this could be it.. least risky way could buying options/call

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Alternate view could be this is just start of Wave iv , and Wave V is due

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38.2 retraced. Closed 50% and waiting (hopefully) for 0.5 to be met.

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So Far on track..

Alternative to this - Alt view will be if this move to upside is W(2), then we will have much much lower levels on SPX in the coming months. Will update later based on where this rally stops..

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Now we have a reason to believe we have seen the top in this counter trend rally.

we should go down--

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Futures are showing a better count then cash market. So switching over to it.

It seems that we are in Wave 2 retracement (a,b,c) - In such a case, we should hold at 618 levels. If we do, then we are looking at much deeper levels to come.

However, if we cross 90% retracement of the last fall, then it will be counted as B, so C will equal to A ( at least ).. Lets see where this stops...

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heading to crazy times? has it begun?

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Island reversal as shown previously didn't mature and we saw all time highs. This now gives a better view and it can be said that we have or we AT the TOP of major market cycles.

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PE ratio for S&P is around 30x
what else do you need now?

ABFX6

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