The time has come for a big fall. SPX500 share price index slowed down. It's a typical month-long wave structure. Half-and-half structure. In which quarter wavelength correction wave structures. According to the Tan-Wave theory, a half-wave correction is expected (two quarters of a wave). If our assumption is true, the exchange rate will be corrected at around 2200 usd level. First-rate target price close to 2116 USD.
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I would like to point out that the above figure is a monthly graph. On a daily chart, I expect a continuous 5-6 month continuous decline.
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correction: Tan-wave instead of the textbook waveform, the drawing in the middle wave is incorrectly half wave. Correctly full wave. The rising waveform is half-full-half structure.