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Successful_Inv_Strategies
26 gen 2019 06:54

SPX - possible top forming? 

S&P 500SP

Descrizione

Time for "Risk vs Reward" evaluation

Commento

SPX needs to break through 2600 area. Otherwise, it could ho higher.

Commento

FED induced rally today..... Often reverse in a few days. Still a bigger picture hasn't changed and looking for a pull back.

Commento

Possible path

Commento

I really think big (B) wave is done. IF so, Something like this maybe in play.
Commenti
kunsan
Yes an ABC. However consider that a,b was actually the triangular consolidation just under 2600. If so, wave 'c' might be 0.618 of 'a' suggesting more upside to around the 2720/30 area. Possibly now forming a rising wedge for 'c'.
Successful_Inv_Strategies
@kunsan, very possible
Altro