At this time the SP500 produced a 7 month double top before it started to decline. So far the SP500 is forming the best and when this impending 5 wave decline moves dramatically out of character then I will look at building my alternate wave counts. I don’t think we are near any Minor degree move just yet, but if it lasts all of May, I would consider that pretty lucky.
We are looking at a possible Cycle degree correction which will take longer and a few more years to play out.
All this bearish market action based on a tweet from President Trump! How does an ordinary person compete with people that are trying to manipulate the markets?
Over 1.5 Trillion dollars were wiped off the books on President Trump’s tweets and it seems it’s not stopping anytime soon.