The S&P 500 (SPX) faces two Elliott Wave counts as technical indicators suggest a major market top may already be in place. Analyzing market math and dealer activity reveals whether a significant new downtrend has officially begun.
In this week's podcast I start with the cash SPX. I discussed narrowing down my count(s) and presented two main possibilities, with one being that the top is in and a new downtrend has begun. I emphasized focusing on the market math and Elliott Wave count rather than current geopolitical events, noting that dealer activity played a significant role in the market's movement.
Video Length: 01:09:52
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