spx - looking for bullish targets
tested longterm upsloping channel
together with inner ew targets for last leg c=a of x or w5=w1/w3
outcome is target a/w1=c/w5=2513.89 as minimum
eventual bull hype could send index to intermediate line intersection x green parallel around 2750
trade safe all
together with inner ew targets for last leg c=a of x or w5=w1/w3
outcome is target a/w1=c/w5=2513.89 as minimum
eventual bull hype could send index to intermediate line intersection x green parallel around 2750
trade safe all
Trade closed: target reached
upper channel line has been basically reached, maybe couple points missingsame with pink intermediate line
looks to me bull potential is over and topping process is pending
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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.