SPX500 (Daily)
Range bound, Triangle consolidation(abcde) potential 5-wave, finding support at 200 sma. RSI at 52.
Currently, reached resistance at the upper bound and tagged 50 sma.
Breaking to the upside, opens the door for 2100 and 2170, Fibonacci extension confluence, ABCD.
Reverting to the downside, clearing 200 sma, price could reach the 1900 and 1850 level.
Range bound, Triangle consolidation(abcde) potential 5-wave, finding support at 200 sma. RSI at 52.
Currently, reached resistance at the upper bound and tagged 50 sma.
Breaking to the upside, opens the door for 2100 and 2170, Fibonacci extension confluence, ABCD.
Reverting to the downside, clearing 200 sma, price could reach the 1900 and 1850 level.