This is the much needed correction. After an insane amount of green days.... the markets need to take a breather here. What better month than August to do that? Once this Market bottoms in the bottom box.... you do not want to miss this opportunity for the run up through Q4... SPY/SPX/ES could see ATH achieved during this next run up. Recession has been cancelled until 2024. Be ready with cash to go long/calls at the bottom here.
Trade active:
The target boxes on price and time worked out almost perfect. I still believe we have one more leg down even though this was a considerable bounce from the lowest target box. Stay alert for one more sell-off .... Jerome Powell? NVDA? we don't know the external catalyst... but we are close
Comment:
Last dip played out..... so now we are going to fill the Gap above.... I'm ending this chart stream... played out with high accuracy A+++