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S&P 500 Index
Short

S&P500 at resistance, expecting another leg down soon

251
The S&P500 has reached its rebound B wave target area near 4400.

We are now expecting a drop towards the line linking the lows since 2008, near the 3100/3000 area.

RSI-14 is also at resistance.

A break above 4620 would invalidate this bearish view.
waverity
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elliotwaveanalysisellliottshortSPX (S&P 500 Index)Trend AnalysisWave Analysis

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elliotwaveanalysisellliottshortSPX (S&P 500 Index)Trend AnalysisWave Analysis
waverity
Also on:

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.