SPX CROWN PATTERN UPDATED, BEARISH TREND TOWARDS 2021.
These are some of the stronger support points and will likely be one of the reversal points
Now that the Corona-gap has been filled in the upside, there are plenty of gaps below waiting to be filled. In this scenario, the downward journey starts on the spot with the presumption that the filled gap constitutes a higher low and thus continues the downward channel. To be continued...
Velocities and duration from previous waves form a likely scenario if we go below 2572 during cash 03/27. Target is based on 7% annual increase from previous bottoms.
Trendar på fint uppåt nu, håller detta i sig så är nog botten satt för denna gång.