I have tried to do a wave analysis on S&P 500 and to me it looks like the Impulse wave is almost on the verge of completion. On RSI there is a Bearish Divergence which might play soon.
We have done a Loooooooong Term Elliot Wave Analysis starting from 1932 and maybe ending in 2026(or perhaps 2027). If you see the chart in Normal scale, its parabolically going right up, and these type of moves are really bad for the market. So I have just tried to analyze the waves and hope it might help you to exit the markets at the right time. Sayo...
The Stock has almost completed the 4th Wave correction and preparing for the 5th wave which can be a potential trade.