SPX
It looks like we are headed into a 5th wave down starting next week. Good news has been baked in...now a string a bad news will plague (no pun intended) us for the next few weeks with economic numbers reflecting what China gave us a few weeks ago. My question is where will it end. My original number lands on 1950 from a harmonic U-shape recovery pattern, but of course, it's only a guess. We could see 1850 or 1700 levels. Only time will tell, but in the meantime, my guess is we are headed down another wave. The light at the end of the tunnel is that this could be the last wave before a reversal. My fingers are crossed.