Indice S&P 500Short
Impulse wave, ending diagonal. Could see retrace here.
I count an impulse wave up since Christmas, with an ending diagonal wave 5. It makes sense that would get some sort of retrace soon, since we have been going straight up for the past two months.
Other bearish indicators are resistance here around 2800, and high RSI into overbought territory.
Targets are fib retraces: ~2700, and ~2630
Other bearish indicators are resistance here around 2800, and high RSI into overbought territory.
Targets are fib retraces: ~2700, and ~2630
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