EXCAVO

SP-500 : We are already in a recession!

Short
EXCAVO Aggiornato   
OANDA:SPX500USD   Indice S&P 500
We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C.

A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail.

Best regards,
EXCAVO
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