SPX Massive correction coming!?!?
Using Analysis & Fib Analysis I’ve drew up a likely outcome for the correction to this monster rally. I’ve been using the 2018 correction bounce and the 2009 market crash reversal as example studies. In my last analysis I did predict a gap fill & then All time highs before larger (Check out my “ideas” as evidence). Well now we are here at all time highs and the risk reward at these levels is extremely poor. I’m thinking an correction will be just what this market needs to establish a healthy major before continuing on upwards on the back of some stimulus no doubt. Mid terms I’m , longer term (the blue area) I’m .