I don’t track SP500 closely since I trade on the Russian exchange, where SP500 liquidity is thin 💧. But Fewhale asked, so here’s my take:
📉 SP500 appears to have completed its consolidation and is now poised for a Wave 5 collapse. Note that despite the sprawling Wave 4, it doesn’t overlap with Wave 1 — aligning perfectly with Elliott Wave rules ✅.
Oil’s Looming Drop
🛢️ Oil is also gearing up for a significant downward move before a prolonged pause — mirroring SP500’s setup.
Fun Fact 🤓
Did you know Russian traders nicknamed the S&P500 "сиплый" (pronounced "sipliy"), which means "hoarse, husky"? That's because if you write "S&P" in Cyrillic letters, it becomes СИП (pronounced "sip")
Key Takeaways
1️⃣ SP500: Wave 5 drop likely after clean Elliott Wave structure.
2️⃣ Oil: Sharp decline ahead, similar to SP500’s trajectory.
⚠️ Reminder: Trade with your own strategy, not somebody else's charts! 📉❄️
💬 Your thoughts?
👉 Drop a comment: Are you betting on the crash or staying sidelined? 🎯
📉 SP500 appears to have completed its consolidation and is now poised for a Wave 5 collapse. Note that despite the sprawling Wave 4, it doesn’t overlap with Wave 1 — aligning perfectly with Elliott Wave rules ✅.
Oil’s Looming Drop
🛢️ Oil is also gearing up for a significant downward move before a prolonged pause — mirroring SP500’s setup.
Fun Fact 🤓
Did you know Russian traders nicknamed the S&P500 "сиплый" (pronounced "sipliy"), which means "hoarse, husky"? That's because if you write "S&P" in Cyrillic letters, it becomes СИП (pronounced "sip")
Key Takeaways
1️⃣ SP500: Wave 5 drop likely after clean Elliott Wave structure.
2️⃣ Oil: Sharp decline ahead, similar to SP500’s trajectory.
⚠️ Reminder: Trade with your own strategy, not somebody else's charts! 📉❄️
💬 Your thoughts?
👉 Drop a comment: Are you betting on the crash or staying sidelined? 🎯
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.