SPX short term outlook: SP500 bounce before final dip?

26 thg 10, 2018

Quick plot based on Fibs and Elliot Waves.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.

Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.

29 thg 10, 2018

Ghi chú

SPX did bounce on Friday, a little lower than I thought but if did seem to recognize the first support zone (albeit pierced). am recalculating now, will post a new idea if targets look substantially different after that move but for now they still seem plausible.