This is just a theory but as we can see on this chart we have SPX500 near MA 200 and could be making a ABC pattern.
If that's the case we are just seeing a correction and market making a "foor" to make another wave up.
Regards
If that's the case we are just seeing a correction and market making a "foor" to make another wave up.
Regards
Note
Incredible pattern.
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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.