MEJT latest analysis is forecasting an historical and dramatic market crash down to 2200 SPX.
Market should initially rally and continue the positive trend from Friday to complete a “second wave up”. The target is mid 2740 SPX level. Then a third wave down (1.6 times wave one) should crash the SPX down to 2200 level!
As mentioned earlier, never underestimate a TD combo no. 13 on the monthly chart.
Mr. J. Tennant’s analysis resonates also with the ongoing TD buy setup ongoing on the weekly chart the coming bar no. 5 should close below the close of bar no. 1: