S&P500: Elliott Wave comment at 18th of September

S&P500 final target is below 1.100. First resistance at 1.200-1.220.

S&P/MIB final target is below 26.000. First resistance at 26.500. As previously stated in my posts, our index will be dragged down by S&P500.

Now oil is below 100 dollars: if you remember, some weeks ago the media-mantra was: "oil down, stocks up!". Now the media-mantra is: "oil up, stocks up!".
Funny, isn't it?

My readers have never been cheated: we are facing the beginning of a new recession period, so stocks and oil go down together.

H.F.L.