czupryn888

SPX500 - Distribution Wyckoff

Short
SP:SPX   S&P 500 Index
It seems that at this point, the SPX500 may fall to around 3600 levels. After that, the game will continue in the 3800 - 4100 range. A solid breakout above the 4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below 3600 could mean a bear market in global markets. According to the patterns, this could occur around the turn of 2023 and 2024. Perhaps this will be a time of tension between the US and China.
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