S&P;500 UPDATE

$S&P;500, continues to trend southwards. My view here has been bearish since several months now. And markets have been moving on anticipated lines!” In my previous update on 10th,MAY: on S&P, I Mentioned 3,800 as a Near term Target based on (HARMONIC CHANNEL). On Friday it has made low at 3,810. So for now price objectives on downside have completed. 3,800 continues to be a very strong support for S&P, Going forward. So there is a strong probability for markets to make a Temparary bottom and give a durable bounce. The bounce which I expects would only be a Bare Market rally, which can take S&P above 4,200 in Coming days. The bounce could be very sharp!: Once this Bare market rally ends, U.S. MARKETS would again resume there down’trend
There is still plenty of room left for this Bare market. But for now look for rally!: Few Price Projections has to be udgested in real time
So stay tuned. TIME for now is not favourable for decline, wait for PRICE to aline with TIME!:https://ganntradersaahil.wordpress.com/2022/05/10/sp500-update/