Something like this comes to my “premilinary mind” with EW counting with Oracle. It is not full “oracle” count since larger degree is missing which is the key.
When looking these SPX charts I actually do realize how boring these passed months must be for many market participants. They just and just got just a few silly bucks over all these months while there was very fun december-january season on somewhere completely else.
Looks bearish for me, the entire chart – not just a waves.
It is actually 2000 millenium ~61.8% retracement it did met, pretty regular EW place to park a bit “backwards”.
