SPX sitting in wave 5 of a wave 5 extension — classic topping pattern.
X is screaming "stocks only go up" and "new paradigm" but that's peak euphoria talk.
Expect a correction before any move to 8000 (only 3% up from here).
Risk/reward looks terrible at these levels. Don't chase.
X is screaming "stocks only go up" and "new paradigm" but that's peak euphoria talk.
Expect a correction before any move to 8000 (only 3% up from here).
Risk/reward looks terrible at these levels. Don't chase.