I discuss how the additional wave up could have a larger implication on the entire outlook of S&P500 and could cause a re-labelling of the entire wave structure. What we want to see in order to keep our primary count, is a breakdown below the low of where I plotted wave 1 of C. That is, below 5119.8.
But no matter the primary count or the alternate count, it is still a short opportunity. But there is an implication on the Take Profit target.
But no matter the primary count or the alternate count, it is still a short opportunity. But there is an implication on the Take Profit target.
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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.