US-Indices Wave count suggests that there could possibly be a Bearish Reversal right around the corner.
SNP500 & DJIA30 are both pointing lower, showing reversal partners such as Ending Diagonals and Bearish Divergences at key Elliott Wave Degrees.
Current Wave Count suggests that we could see 21900.00 for DJIA30 and 2450.00 for SNP500 before the Bull Market would continue with its possible last leg before a Major Down-Trend.
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Divergence coming after a possible last ATH. Buckle-up, it will be nasty.
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Wave Count Update:
P.S. Congrats to those who are already in the short. Minor 5 could have already completed as the 150% Fibs Ext. of Minors 3 & 4 has been reached. We could have one more squeeze on the up-side or it can start directly at these points. Many pips ahead!
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with a bit of patience, we might just see SNP500 drop very hard
Great call! ES made a new ATH on Sunday at 2663.25 (so far).
Lionheart-EWA
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@Teich50, Thanks, seems like it's on the right track on the wave count. It hit the 150% Fibs Ext. of Minors 3 & 4 so Minor 5 could have already finished and it could start the expected downtrends (corrective faze) or it could squeeze another ATH and ''game over'' for this year.