one would have to be a moron or an idiot to look at your EW prediction from almost 3-years ago
and see how well it played out ...
and NOT think there is a chance of Down to one in the future.
As far as next week . . any forecast in that short of a time frame is just a guess.
I certainly see TOP signs all over the place ... and have so for the past few weeks.
What this past week has added .. depending on the Index . . .
is a push to retest new- or old- highs . . and then fail back Down.
The S&P-500 is having a tough time staying above 1520 . . .
even though it Traded above that mark 4-times last week, it only Closed above it twice ...
and ended the week below the 1520 mark.
So, she looks due for a pullback soon .. especially amidst the economic fundamental backdrop . . .
I see a Down coming soon that will eventually turn into a "crash" . . .
but the crash would have to be triggered by a Big News Event.
Otherwise the pullbacks and rallies will be small and we will move sideways for many months.
To directly answer your question . . . .
I see a 72% chance of a Down next week . . .
with an $SPX Initial Target of 1470.
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