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S&P 500 Index

SPX wave (C) pending Decline before a Longer Term rally ensues

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On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3226 for one pending push to new lows before a long-term sustained rally ensues. We may be contained within the highlighted range in wave (C) as the S&P is slowly losing bullish momentum, still keeping our bearish biased butterflies on SPX and RUT.
wallstreetsharks
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Beyond Technical AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortWave Analysis

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Beyond Technical AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortWave Analysis
wallstreetsharks
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.