S&P500 Price heading into a critical price range.. We should find out soon whether the long term correction that started at the end of January will continue for one more leg (B-C) to the downside (min target range of $2500-$2450), or if the correction has indeed finished and the trend to the upside prior to the end of January will take over once again.. 1) If the correction does indeed decide to continue for its last leg, I will position myself to be in the Sell and will be monitoring to see if we are finally finished the correction and continuing the previous decade long uptrend once my target is reached.. Otherwise,
2) I'll be watching for signs that this is actually the start of a long term trend to the downside..
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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.