S&P 500 Channel Down

So this is the S&P 500 from 21st April 2022.

We can see price is tracking down the channel

Using the last channel high / low and recent retracement , it is likely an intra-channel N wave (ABC) will develop.

So a target is given based upon

1. Price extension for the development of an N wave.

2. Time cycle ( for the 3 wave of the a potential N wave) of 9 days.


This interim target is around 3380.