US500/SPX morning update
Bearish count for US500/SPX. This count is inspired by the possibility that the price action in the ellipse ends up being a regular flat.
Price action off October 2022 low has not had the right look or feel in terms of a true 5-wave impulse. That is not to say that it isn't, or won't become, a complete impulse wave off the low when everything is said and done.
This count does provide some predictive value, for if price action off the April 2024 is, in fact, a regular flat, then wave 5 of the (c) cannot go above 5777.3 (wave 3 is shorter than wave 1).
Price action off October 2022 low has not had the right look or feel in terms of a true 5-wave impulse. That is not to say that it isn't, or won't become, a complete impulse wave off the low when everything is said and done.
This count does provide some predictive value, for if price action off the April 2024 is, in fact, a regular flat, then wave 5 of the (c) cannot go above 5777.3 (wave 3 is shorter than wave 1).
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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.