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Sunday, July 24, 2022
MTU Weekend Ed. - MA50 (7/22/22 close)
SPX has managed to stay above its May low and closed above its SMA50. Overhead resistance around June High and Jan Low.
Are you putting this graph out to say that the markets are going to rally to a Elliot Wave 5 High? Wake up and smell the coffee. We are in a bear market with QT on the horizon, inflation. S&P is going to around 2,000.
Are you putting this graph out to say that the markets are going to rally to a Elliot Wave 5 High? Wake up and smell the coffee. We are in a bear market with QT on the horizon, inflation. S&P is going to around 2,000.
ReplyDeleteIt is a scenario (among others) worth monitoring, with the marked wave 3 being so long and steep and with SPX being priced in USD.
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