SP500 & Oil Analysis: Elliott Waves a Fun Fact from Russia

I don’t track SP500 closely since I trade on the Russian exchange, where SP500 liquidity is thin 💧. But Fewhale asked, so here’s my take:
📉 SP500 appears to have completed its consolidation and is now poised for a Wave 5 collapse. Note that despite the sprawling Wave 4, it doesn’t overlap with Wave 1 — aligning perfectly with Elliott Wave rules ✅.

Oil’s Looming Drop
🛢️ Oil is also gearing up for a significant downward move before a prolonged pause — mirroring SP500’s setup.

Fun Fact 🤓
Did you know Russian traders nicknamed the S&P500 "сиплый" (pronounced "sipliy"), which means "hoarse, husky"? That's because if you write "S&P" in Cyrillic letters, it becomes СИП (pronounced "sip")

Key Takeaways
1️⃣ SP500: Wave 5 drop likely after clean Elliott Wave structure.
2️⃣ Oil: Sharp decline ahead, similar to SP500’s trajectory.

⚠️ Reminder: Trade with your own strategy, not somebody else's charts! 📉❄️

💬 Your thoughts?
👉 Drop a comment: Are you betting on the crash or staying sidelined? 🎯