US Equity near term pull back watch out.
The S&P has been played out as expected to go into the new rally which is the fifth wave in a larger degree. However, near-term price action suggests that a pullback is imminent. The bullish count(GREEN) indicates a shallow correction to 2750. A more bearish count(RED) indicates a more aggressive move to 2670.
The bullish version is much more likely at this point.
The bullish version is much more likely at this point.
Related publications
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.