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S&P 500 Index
Long
Updated

S&P500 going to correct the downtrend(short term trade)

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We can see a clear divergence on SPX chart, and wolfe wave pattern on S&P 500 futures chart.
We can open a short term Long position with ±2700 first target.
Pay attention it is only a short term corrective wave of the downtrend.

I will update this trade idea.

Good luck!

p.s. I attached my previous ideas
Trade active
S&P500 futures has reached the first target.
Quick profit, Congratulation!
Trade closed: target reached
Slavash
Chart Patternssp500futuresp500longSPX (S&P 500 Index)S&P 500 (SPX500)Trend AnalysisWave Analysis

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Chart Patternssp500futuresp500longSPX (S&P 500 Index)S&P 500 (SPX500)Trend AnalysisWave Analysis
Slavash

Related publications

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.