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S&P 500 Index
Long
Updated

SPX500USD: Bullish 5-0 at 0.618 Retrace

165
The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
Trade closed: target reached
1.272 hit, I'm taking profit and waiting for further developments after the FOMC before considering repositioning or even MAYBE trading it the other way.
RizeSenpai
Also on:
broadeningtopBullish 5-0Chart PatternsHarmonic PatternsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Wave Analysis

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broadeningtopBullish 5-0Chart PatternsHarmonic PatternsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Wave Analysis
RizeSenpai
Also on:

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.