📈 The SPX Bullish Wave Is Over

The bullish trend ended 28-March 2024... What we are seeing now is the peak of wave B of an ABC correction, based on the EW theory charting system... Let's dive in.

Today we are looking at the S&P 500 Index.

The first thing to notice is the new All-Time High hit recently. As explained in the DJI trade idea, this ATH is part of an irregular correction. This happens due to inflation/monetary expansion.

All the details about inflation and how monetary expansions produces an irregular correction can be found on the DJI trade idea and you can visit that one for additional information; we will move to the signals we see on this chart.

We can tell that a correction is approaching based on the strong bearish volume that came in 15-March 2024, this is clearly shown on the chart.

Right after this negative day, we get a top and wave A of the ABC.

Zooming in, we can clearly see a multitude of bearish signals:
➖ The last three candles are bearish.
➖ The ATH session closed red.
➖ Yesterday's session closed as a shooting star.
➖ Multiple GAPs waiting to be filled that were left open on the way up.

👉 It seems everything will crash; Bitcoin and the Stock Market.

Thank you for reading.

Namaste.