SPX (S&P500) may Reverse off 2020 Wave B Peak for ABC Correction

4 thg 10, 2022

The S&P500 may reverse off the peak of 2020's Wave B. This would complete a downward 1-2-3-4-5 Elliot Wave pattern and then start a mid-term Bullish ABC corrective wave pattern upward. Looking for a bounce around 3550. If it comes, that could be a good re-entry point to ride up the ABC corrective wave, and then sell off prior to the .702 Fib Retrace.