S&P500 is in wave 4 of a 5 wave bullish run for a few years now. And this wave 4 is having a complex corrective 3 wave (now possibly 5). Reversal at 3800 to recovery is in progress with the current bottoming process (double bottom or inverse Head and shoulder).
Bottoming process completes with positive indialcators and narratives (lowering inflation, FED reduction in hikes etc) will bring S&P500 to 5000 or 5300) by Q4 2022.
2023 will be hit with recession with S&P500 going to 1700 (about)
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- boonk·2022-05-27wave 5 will be 2023?1Report
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- xebona·2022-05-276661Report
- blitudik·2022-05-27nice info2Report
- gupzbajaj·2022-05-27cool1Report