S&P500 correction started

S&P500 six months chart shows overbought level and start of correction. Five growing Elliot waves accomplished and ABC pattern should land us to 2100 support. In worse case it may fall down to 1850 as well.

Perfect short position was above but price still may hit 2700 before finally going down.

Kommentera:

Oh shit, month chart. Too large timeframe =))) Anyway, now we all know that most probably America is going down... or someone else is rising

Kommentera:

Anyway, Dow Jones says the same. Either a jump before even stronger pump (in months timeframe, considering previous took two years), or a fall, as I said.