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US 500

US500: Correction before the 3rd Wave

By Therealsmaira
S&P500 has entered a new bullish cycle and is now in the 1st motive wave. After reaching the resistance price can retrace back into its 2nd corrective wave and possibly reach back the previous support before heading into new highs with the 3rd wave. This is the most likely scenario that can have place. Get ready for the upcoming week so you DON'T miss the Long opportunity !

Trade Safe and Best of Luck

MacroForex
3rdBeyond Technical AnalysisBullish PatternscorrectionLONGmotivesnp500us500waveWave Analysiswaves
Therealsmaira

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