SPX price action “prediction” for oct/nov

٧ أكتوبر ٢٠٢٠

My friend sent me a way too early potential elliot wave structure for spx in the coming months. I “copied” the overall structure of it and incorporated it onto my spx chart for which I already had channels drawn. Using my expanded channels s/r areas as well as potential s/r flips for predictive points the overall structure seemed to fit extremely well and looks like an ih&s accumulation range. Minor tweaks to his structure were done as I was using my lines but for the most part his EW theory seemed to fit on my channels to perfection.