$SPX Two Fibs If We Break the June Low

Continuing to look for the end of this 5-wave decline. I still think we are likely in the final portion of the final portion of this move. Bear in mind that if it is the end of something of cycle (or even supercycle degree), when we do get the turn, it should be dramatic.

One way I can count this area if we break the June low is with a flush to the tiny orange box @ about 3620, where there are good fibs for this decline and the whole decline for the whole year:

SPX

(There are also good fibs at yesterday’s low, so I can’t know if we’re done or not). So, either seems possible as we wait for the dollar to chill out.

As discussed in the Discord, I am swinging a few puts in case we do get this (hopefully final) flush.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


One thought on “$SPX Two Fibs If We Break the June Low”

Leave a Reply

Your email address will not be published. Required fields are marked *