SPX has aggressively sold off lately but appears only to be in wave iii of (iii).This implies more downside to come and rallies would be temporary.
SPX likely finds some relief after reaching $3500.
The trend appears firmly planted to the downside.
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Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.