The buying panic that began on 10/27/23 could soon be at a termination point.
The drop from 07/27/23 to 10/27/23 counts best as an Elliott wave Leading Diagonal Triangle. The wave count is valid if the SPX can remain below its 07/27/23 high at 4,607.07.
MACD is overbought and RSI is nearly overbought. In panic spikes its common for momentum oscillators to register a price extreme without a divergence.
If the SPX can remain below 4,607.07 for the remainder of November a very important top could be in place.
The drop from 07/27/23 to 10/27/23 counts best as an Elliott wave Leading Diagonal Triangle. The wave count is valid if the SPX can remain below its 07/27/23 high at 4,607.07.
MACD is overbought and RSI is nearly overbought. In panic spikes its common for momentum oscillators to register a price extreme without a divergence.
If the SPX can remain below 4,607.07 for the remainder of November a very important top could be in place.
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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.