Indice S&P 500
Long

SPX - STILL NOT FINISHED?

152
One of possible scenario, no trade setup, based on HUGE october hammer reversal on big volume, maybe it is still sth. to finish or proceed. Premature = retail bears won`t like it, but they probably will be wiped away as always :( since there are no commercials shorts so far at spx futures.

Also, it looks to me like NASDAQ will not capitulate before revisiting ATH, check also the parabolic BTK index as current NASDAQ driver, you can never guess, how high will it shoot.

BUT, ON THE OTHER SIDE, wave 5 could be terminated ANYTIME, because of reaching 0.618 target of wave 1 at 2033.
LET THE MARKET SPEAK

INVALIDATION of long scenario is below 1821.67, so RRR is nothing to write home about, and thus not worth chasing the top.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.