SPX is in a small time correction phase.
Is the correction ended ?
May not be, for it to prove correction has ended, price should show break out above current short term range.,
What are possibilities ?
a) Price does a break out of current range and flows blue line to ~6800 target
b) Price carries out ABC (RED ABC as marked) and bottom out around ~6200, then rise in impulse to hit a target of ~6800.
When ?
The view is time agnostic, so it may take weeks to months time.
Is the correction ended ?
May not be, for it to prove correction has ended, price should show break out above current short term range.,
What are possibilities ?
a) Price does a break out of current range and flows blue line to ~6800 target
b) Price carries out ABC (RED ABC as marked) and bottom out around ~6200, then rise in impulse to hit a target of ~6800.
When ?
The view is time agnostic, so it may take weeks to months time.
Trade chiuso: obiettivo raggiunto
This target is achieved, max target on SPX can be 7K where around it will top out , if II see that it going for 7K with proper pattern I will publish new Idea with EW counts.,
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.