Elliottwaveorg

S&P500 and US stock market

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
The medium- and long-term forecast of a serious fall remains in force , but so far there is no confirmation of its beginning, we are focusing on the above levels. Technically, we can still show a small increase, fundamentally the situation is unstable and the fall can begin at any moment. There are serious problems in the banking sector , the prospects of a recession . In previous reviews, the inversion of the yield curve (US government bonds) was mentioned more than once, at the moment the situation is only getting worse. Sooner or later, it will begin to return to a "normal state", which will be the beginning of an sharp phase of the crisis.

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