Last updated predicted, in no uncertain terms, that if SPX continued to rally directly and ran north of 2990, then that would imply a b-wave low, and the market would then need to reverse and make a new low -- and that's exactly what happened. Sometimes Elliott Wave can be quite a powerful predictive tool:
Intermediate term, SPX is approaching the first meaningful support zone:
In conclusion, the last near-term prediction was a hit. Bulls will likley need to right the ship fairly directly, or they risk a trip back below the August lows -- and possibly well beyond. Trade safe.
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