18 Dec Has the Market Bottomed or Will the Market Crash?
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Has the Market Bottomed or Will the Market Crash?
Since their 2018 highs a few months ago, the SP 500 is down -14%, Russell is down -21%, and the Nasdaq 100 is down -17%!
So with indexes approaching bear market territory, have they bottomed or are they going to crash further?
As pointed out in our 12/16 free weekend report, the SP 500 could see as much as a washout low to 2470, which would represent a C wave target from the corrective pattern off 2940. We believe this would usher in a huge rally into the new year and Q1.
Chart from the 12/16 report:
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