Today is May 27th, and in the very short term the S&P may just stay up for a couple of more days, possibly even with a new high on May 30th.
Then we are looking for a breakdown into June 3rd and June 13th lows (Elliott Wave A). This will be followed by a choppy, sideways-to-up rally until roughly the July 4th weekend (B wave).
From around July 4th high a big break into the July 16th or 24th potential lows (C wave).
Then we are looking for a breakdown into June 3rd and June 13th lows (Elliott Wave A). This will be followed by a choppy, sideways-to-up rally until roughly the July 4th weekend (B wave).
Allen Reminick - May 14, 2024.
Then there should be a big break into the 16th or the 24th of July potential lows (C wave). The last part of July is where most of the damage could be done.