$SP500 Short Term Bearish Wedge Breaks Down

As we expected, the SP500 hit our 4600 target and has begun its late summer slump. Along with the recent slump, we now have technical evidence that we still have some more work to do to the downside before the upside resumes. This is evident in the Ascending Bearish Wedge being broken to the downside. My initial thoughts are we drawdown to closer to 4200. This also has some confluence with the weekly EMA's. MAKE NO MISTAKE THOUGH! THIS WILL BE A CORRECTION WITHIN THE CONFINES OF OUR GRAND CYCLE TOP YET TO COME!!!!

PS--Sorry I can't post on "X" anymore. I will still be here to help !!!!

Comment:

Friends, it’s been a week since I’ve had to disconnect from “X”. I have missed you all. Trust me when I say it was NOT MY CHOICE. That said, I will be updating charts here on Trading View. I am happy to see many of you made it over! :)

Updating the idea that I left “X” with, we saw markets heading lower at 4600 on the SP500, and I would say we were spot on!

As for cryptocurrencies, the correction exceeded the 27K ’s, but Bulls should not fret! I will be updating a chart on the weekly close to explain the rationale as to why soon!

In the meantime, I pray you are well. Just know I am still here to help 1, even if it can’t be on a traditional social media platform,