Covid crash 1 wave down. What happened to waves 2 and 3? EWs only work sometimes. The software that counts waves moves all the time.
I think pe ratios and long term moving averages are better
5 year ema supported the 87 crash. Thats 35,000 now. GFC smashed way lower. 28,244 is the 12 year ema which supported the covid crash. But things arent as bad as covid. 30,000 to 35,000 for a low is most likely.