Replies to post #249 on SPX Elliott Waves (SP500)

[gdl]

I do not see that happening under any circumstances. in fact it seems to me that even if you get you highs it will not be from these levels. the damage was too great. There is most likely another big leg down soon.

My take: This rally lasts 3 days to 2940-60 area. if that was to occur I would place odds of new lows at 2600 or so within the next 11 days after taking it to around August 26th.
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Playing a what if. Lets assume we drop to new lows by the 26th. I can see ONE possibility to launch this sucker hard and fast. It has to do once again with TRUMP. he announced a DELAY in tariffs. Now that would be the ONLY spark possible to get that new high. Just a wild supposition.

[Jester_Vandalay]

My money is on the EW, between Twitter T and this tweeter it's all background noise.