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S&P 500 Index

SP500 scenario 2. Possible A deep Fibo≈ 50% Pullback 3/6/21

By SteveTan
Updated
SP500 scenario 2. Wave 4 (red circled ) possible an expanding flat pattern. Wave A (cyan circled ) of Wave 5 (red circled ) possible reached... Maybe a deep pull back toward around 3300, where will be the zone for weekly 200 ema/ demand zone / and Fibonacci 50% pullback from March 2020 low..

P/s Inside any Impulsive 1,3,5 waves there is ONLY abc 3 sub waves...
Note
xyz3dtrading.. Charts consist of 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed )
Economic CyclesElliott WaveexpandingflatSPX (S&P 500 Index)S&P 500 (SPX500)
SteveTan

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