It seems that SPX is moving down in either a 1-2-3 impulse for the Wave A of a bigger correction or as Wave A) - B) - C) for a Zig Zag. As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C). In either case the Wave is not complete yet and hence expect more downside from here. Target : 2414
I will update further as this market continues.
Comment
Updated Count :
Comment
Updated Count :
Comment
Cross below Invalidation Line would mean that either we are in Wave (iv) as an Expanded Flat or that we are progressing in Wave (v).
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.