Potential S&P 500 Scenario
It's been a while since I shared anything like this... most of the last few things were experimental historical models...
This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020...
Though I don't have the count posted with it, it is based in Elliott Wave as well...
The EW concept here is an extended wave 1, with 3 being 0.786 of 1 and 5 being 0.786 of 3 - which leads to waves 3+5 equaling wave 1 (typical when 1 is extended)...
Just thought I'd share what I was looking at
This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020...
Though I don't have the count posted with it, it is based in Elliott Wave as well...
The EW concept here is an extended wave 1, with 3 being 0.786 of 1 and 5 being 0.786 of 3 - which leads to waves 3+5 equaling wave 1 (typical when 1 is extended)...
Just thought I'd share what I was looking at
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