StockSignaler

Three tracks to the bottom (cont)

SP:SPX   S&P 500 인덱스
This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other models are no longer favoring. It is good to see, but I am not favoring it as much as the 1968 model. The final model is the 2005 model and the magenta solid path. This model has one of the higher tops over the longer period of time. I do not like this model but it is possible. I figure the drop will be quicker and go below the prior low from October 2022. The 2005 correction did not see C go below wave A's bottom.

All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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