SPX bear scenarios: S&P500 may take one more dip

Just throwing some Fib + EW scenarios for study.

The correction MIGHT actually be over.
The Fed was a little dovish last weak.
That may have been enough to turn it back upward.

As well, considering the historical ''Santa Claus'' rally, it might move up towards end of year.

SO, this chart is actually contrary to what history indicates.
BUT I will be watching for a rise and then signs of exhaustion.

Kommentar:

So a wave 3 looks well under way

and it seems to be in sync with the blue fib, clearly having noticed the 4.618 and 5.618. Expecting some bounce here.

Kommentar:

Just posted a short term update looking for the next target where we might get a bounce