S&P 500 IndexUpdated S&P500 - bullish or rangebound?
Classic form of ''C'' wave exhibited by S&P500 index
Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1
This is interesting because if the 3rd wave is within 1.618[Golden ratio]times of wave 1 ,
there is a chance of end of correction.
but to confirm this bullish strategy wave ''A'' of 4th wave[proceeding wave] to reach above
either 50% of wave 3 or wave 1 territory.
this week we may get a clarity whether our Mother index goes in a range or climbing up
Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1
This is interesting because if the 3rd wave is within 1.618[Golden ratio]times of wave 1 ,
there is a chance of end of correction.
but to confirm this bullish strategy wave ''A'' of 4th wave[proceeding wave] to reach above
either 50% of wave 3 or wave 1 territory.
this week we may get a clarity whether our Mother index goes in a range or climbing up
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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.