S&P 500 Index
Short

Big correction down for SPX500USD

226
Hi traders,

Last week SPX500USD went a little more up to finish wave 5 just like I've said in my outlook. After that it dropped.

So now we could see a big correction down. Next week we could see a correction up and after that another drop.

Trade idea: Wait for the correction up and a change in orderflow to bearish on a lower timeframe to trade shorts.

If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

Don't be emotional, just trade!

Eduwave

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.