SPY/SPX Leg Down

100% retracement of wave A expected. Using the data from Wave A, this prediction can be made.

הערה:

Wrong again.Tested the 618 FIb level and failed. Waiting for a retest to short. If this is the end of Wave C, a target of 2700 is probable before another major correction.
Of course, depending on FED intervention and Gilead's optmisic views on remedisivir.

הערה:

Outcome:
Chart shows the two fib lines above Wave C was hit and was tested as resistance.
Wave C was incorrectly positioned.
Did not forsee a flat correction!