Probable beginning of recession , final reverse of S&P - 500
It is too hard for me psychologically to claim that S&P 500 has already reversed but there are several evidences that point to this very strongly.
(The First) S&P - 500 has achieved its target range 3400 - 3750 which was projected by me several weeks ago, (The Second) gold - ratio analyse meets the basic requirement of Elliot theory, (The Third) since the 5 - th wave of the biggest dimension turn out triangle it will should be followed by very sharp out from this triangle that we seen last week, (The - forth) current correction is being on the zone of 1-th wave that contradict basic Elliot RULE. SO on balance either
it is final reverse or it is only second wave of larger dimension in future gradual rise of S&P, from my point of view the first variant is much more probable.
(The First) S&P - 500 has achieved its target range 3400 - 3750 which was projected by me several weeks ago, (The Second) gold - ratio analyse meets the basic requirement of Elliot theory, (The Third) since the 5 - th wave of the biggest dimension turn out triangle it will should be followed by very sharp out from this triangle that we seen last week, (The - forth) current correction is being on the zone of 1-th wave that contradict basic Elliot RULE. SO on balance either
it is final reverse or it is only second wave of larger dimension in future gradual rise of S&P, from my point of view the first variant is much more probable.
