Just a simple chart of the basic Elliott Waves off the 2009 lows
After a ten year Bull market SPX is putting in a clean topping pattern. We have an inverted yield curve which has predicted the last 7 recessions. Everyone thinks fed is cutting rates in July, which there is a 100% chance of a rate cut in July. Everyone thinks the fed cutting rates is bullish, which it is for a little while; but historically going from a rate hike...