gabrielgn

gabrielgn

0.618 fib retracing provided a nice support for the S$P. If lost, we should look at the 50% retracing.

gabrielgn

The cycle is complete with the C wave replicating all the extent of the A wave. Oscillators are oversold in the short term and fairly positioned in the weekly chart.

gabrielgn

Elliott wave cycle points to a corrective movement in the 240' chart. Weekly chart is very bearish based on Elliot wave cycle (probably it is the beginning of a C wave) and DTosc.

gabrielgn

One more pivot in the daily chart and everything will be aligned

gabrielgn

Returning to where it belongs

gabrielgn

Mirroring the previous movement