Very Bearish Elliott Wave Pattern
The SPX since it’s 07/27/23 top appears to have formed an Elliott wave series of “one’s” and “two’s” down. This is the most dynamic Elliott wave configuration and in this case implies a potential sharp and deep decline.
The U.S. FOMC decision on short -term interest rates is 9/20/23. This could be the trigger event for a sharp decline in U.S. stocks.
The U.S. FOMC decision on short -term interest rates is 9/20/23. This could be the trigger event for a sharp decline in U.S. stocks.
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