S&P 500 Outlook: 2% correction, push 3330, then correction 3140
Every time the market makes a move I learn a lot more. Still fine tuning my Elliot Wave model and made some mistakes again over the last week. Here is my latest. Today should be a short 2%, 1-day correction before the final wave 5 to end this motive wave at 3330. Hard to tell if we will correct back to the fib line today, but it will be close. Again, if I modeled this correctly, then the corrective wave will come next week. My guess is we will make a correction all the way back to the 3140 fib ret line around July 1st. After that, solid rally all the way to 3400-3500.
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