ElliottWaveStats

S&P500 Index- has an 80% Short Top Probability

SP:SPX   S&P 500 Index

Despite I believe it ´s likely to think on 2,191.86 as the end of this Bear Market, I can´t ignore that my model is also dropping an 80 % Short Top Probability at the current high of 2,818.57.
The target area at first it is 2,540.00/2,440.00 this would still agree with the new Bull Market already started hypothesis, ending the Flatt Pattern Correction on a wave C at the current bottom of 2,191.86.
Let´s see what happens.

Note: There is an inconsistency at the count showed because the duration of wave C would not fit completely with all of the Flatt Pattern structure finalization.(it was too short, too fast).That could suggest a deeper correction waiting ahead (let´s hope not).


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