S&P 500 Poised for a Crash
On Weekly Basis:
S&P 500 started its Bull wave from 3562 completing 1 Wave at 4600, 2 Wave at 4100, 3 Wave at 5270, 4 Wave at 5200 and 5 Wave 5750. Currently it is extending its wave to 6000 which is at upper band of parallel line looks like final peak. Usually, in such case fall is imminent and swift. A huge crash is expected in short time. 4770 level is a strong support and 50% retracement of entire rise from 3562 to 6000. It is also a top of December, 2021 of last Bull run, so it is an important support level. 20 to 22% fall looks imminent.
Short sell may help in outperforming the market in short term.
Warning and Disclaimer:
The above prediction should not be taken as financial advice, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purposes only.
S&P 500 started its Bull wave from 3562 completing 1 Wave at 4600, 2 Wave at 4100, 3 Wave at 5270, 4 Wave at 5200 and 5 Wave 5750. Currently it is extending its wave to 6000 which is at upper band of parallel line looks like final peak. Usually, in such case fall is imminent and swift. A huge crash is expected in short time. 4770 level is a strong support and 50% retracement of entire rise from 3562 to 6000. It is also a top of December, 2021 of last Bull run, so it is an important support level. 20 to 22% fall looks imminent.
Short sell may help in outperforming the market in short term.
Warning and Disclaimer:
The above prediction should not be taken as financial advice, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purposes only.
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