The range-bound oil may break very soon, I think within 1-2 weeks. I rate the probability about 80%.
Since oil and SPX500 have good correlation for the past 10+ months, SPX500 will likely have a small correction too.
Since oil and SPX500 have good correlation for the past 10+ months, SPX500 will likely have a small correction too.
Note
At this point, a truncated wave 5 is likely though not conclusive yet. Or the original count is simply wrong. We simply have to wait and see.
Note
The bigger picture though it's still valid and maybe even more promising.Note
Break up or break down? We will know by the end of this week.
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.
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.