Bearish Alternate Wave Count 10-13-23
My prior SPX post noted a bullish trend may have begun. The SPX rallied into a gap area then on 10/12/23 sharply dropped lower.
Its possible an Elliott wave series of "one's" and "two's" down from the SPX 7/27/23 top. This is a very bearish formation and could develop into a mini crash back to the October 2022 bottom.
Watch the SPX - 200 - day moving average. A break below the line could trigger a mini crash.
Its possible an Elliott wave series of "one's" and "two's" down from the SPX 7/27/23 top. This is a very bearish formation and could develop into a mini crash back to the October 2022 bottom.
Watch the SPX - 200 - day moving average. A break below the line could trigger a mini crash.
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