SPX bear scenarios: S&P500 may take one more dip

Nov 19, 2018

Just throwing some Fib + EW scenarios for study.

The correction MIGHT actually be over.
The Fed was a little dovish last weak.
That may have been enough to turn it back upward.

As well, considering the historical ''Santa Claus'' rally, it might move up towards end of year.

SO, this chart is actually contrary to what history indicates.
BUT I will be watching for a rise and then signs of exhaustion.

Nov 19, 2018

Note

So a wave 3 looks well under way and it seems to be in sync with the blue fib, clearly having noticed the 4.618 and 5.618. Expecting some bounce here.

Nov 20, 2018

Note

Just posted a short term update looking for the next target where we might get a bounce