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Doge_Dean

Make or break. Elliot wave count for the capitulation event

Short
Indice S&P 500 (SP:SPX)  
Doge_Dean  
SP:SPX   Indice S&P 500
Trend Analysis Chart Patterns Beyond Technical Analysis S&P 500 (SPX500) SPX (S&P 500 Index) short bulltrap capitulation waterfall VIX CBOE Volatility Index volatilityindex
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trendanalysis chartpattern beyondta spx500 spx short bulltrap capitulation waterfall vix volatilityindex
Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed.

It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible.

Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself.

I'm long volatility via VIX Call options and CFDs.

What do you guys think?

*not financial advice.
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