We are expecting a three wave bear market, similar to 2011 and 2015
During the Wave C we are expecting the SPX to break through the recent lows with a maximum downside target around SPX 2400 (green line).
After that the next bull market should begin.
Keep in mind we are in a Secular generational bull market, and we are not expecting it to top until the early 2030’s.
Since we are expecting a three wave bear market we are labeling the first decline as Intermediate wave A, and the current rally as Intermediate wave B.
Intermediate wave C should naturally follow once this rally/uptrend concludes.
During the C we are expecting the SPX to break through the recent lows with a maximum downside target around SPX 2400 (green line).
After that the next bull market should begin.
Keep in mind we are in a Secular generational bull market, and we are not expecting it to top until the early 2030’s.
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