SPX Massive correction coming!?!?

24. Aug. 2020

Using Elliot Wave Analysis & Fib Analysis I've drew up a likely outcome for the correction to this monster rally. I've been using the 2018 correction bounce and the 2009 market crash reversal as example studies. In my last analysis I did predict a gap fill & then All time highs before larger volatility (Check out my "ideas" as evidence). Well now we are here at all time highs and the risk reward at these levels is extremely poor. I'm thinking an ABC correction will be just what this market needs to establish a healthy major support level before continuing on upwards on the back of some stimulus no doubt. Mid terms I'm bearish, longer term (the blue area) I'm bullish.