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02/28 US Stocks Update

A Lookback

We hit the bull's eye with our previous outlook. This does not guarantee, of course, that the outlook is correct in its entirety, however, it raises chances that we are right about the med-term picture.

https://www.tradingview.com/chart/SPX500/8ROhFgSr-SPX500-Update/


Next Week

We keep the same outlook for US stocks, being - a wave x in the making. Wave x does not have to be a triangle it can be a sequence of ABC patterns. However, given what we see in the correlated crypto market a triangular x would make a perfect fit.


Nasdaq, 3h

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