SPX500 - ED with little throw-over

Apr 15, 2021

The market has been bunny jumpy and funny over time. If this will confirm and the grand super cycle will end we will see some major correction to the 1800-2200 area. Who will trigger it? Btw retailers have too much fade on the FED, pity. At the time market is very overbought and in the weekly RSI you could see huge divergence on the weekly chart and low volumes but the market keeps going. After all, at least we should correct it very soon and we will see some movement down. If not, then later consequences will be much harder.

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Good luck guys and stay positive!

Apr 17, 2021

Note

We can expect 4 wave formation to 4060-4100 area and then the last 5 wave to 4250 area. Need to keep an on eye it.