EW currently sees the S&P in a subminuette wave iv of minuette wave C of minute wave ii which would carry subminuette wave v to around 425 to 430. This lines up well with other stocks I've been following meaning I'm seeing several potential double tops about to form over the next week. If this EW count is correct, we are preparing to see the strongest wave down we've gotten all year in wave iii of iii of iii which would line up well with the upcoming interest rate decision by JPow. After Tuesday, I'm stepping away until I see confirmation of this after the meeting.
Not financial advice
Not financial advice