SP500 (GBP) - most bullish count ever

15 de abr. de 2020

Things have been so crazy lately that I even think this chart might have a grain o f something in it. I am suggesting that we have just seen wave 4 of wave 3 play out of which waves 1 and 3 were equal. According to Elliott Wave that can suggest that we may see an extended wave 5. As this chart is the GBP version of this index it could also suggest a number of things: Total collapse of the Pound Sterling and/or total collapse of the US Dollar and/or off the scale inflation pushing stock markets up like a rocket (à la Venezuela) . Final option: When I start posting totally bullish counts like this one it is often time to go short.....