Mild to Very Bearish Elliot Wave count SPX
There is currently a valid count for 5 3 5 corrective wave of the 
SPX500USD / SPX and we are currently in a possible 1 > 2 of the second wave of the second 5 Wave.
'Oh Lawd he comin' fib level is just a possible worse case scenario giving a nod to the chonk chart for fat cats as the last fibs possible target.... but could be a signal to the beginning of a 3rd wave of 5.
I am Just a beginner Elliot Wave analyst so my count may be off but it appears valid to me atm.
Right now there's no confirmation for direction so I must stay neural, would welcome any feed back... i believe i have a good count for the first wave of the second impulse.
SPX500USD / SPX and we are currently in a possible 1 > 2 of the second wave of the second 5 Wave.'Oh Lawd he comin' fib level is just a possible worse case scenario giving a nod to the chonk chart for fat cats as the last fibs possible target.... but could be a signal to the beginning of a 3rd wave of 5.
I am Just a beginner Elliot Wave analyst so my count may be off but it appears valid to me atm.
Right now there's no confirmation for direction so I must stay neural, would welcome any feed back... i believe i have a good count for the first wave of the second impulse.
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.