🚨 SPX CRASH IS JUST GETTING STARTED 🚨
Jesse Livermore mapped out this market structure over a 100 years ago
And look where we are now
The S&P 500 has been following the same rising channel
We are topped at step 6
And now we’re watching Step 7 - the correction
That drop of the index we’ve seen in recent days is just the beginning
The projected target for Step 7 is $6,400
After that, I see the following path:
Step 8: A relief rally that makes investors think the danger is over
Steps 9-10: One final push to new all-time highs
Steps 11-14: The structure breaks down, eventually targeting the 5,200 area
The most dangerous part?
That final rally could convince investors that the bull market is stronger than ever - right before the major reversal.
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