US500/SPX morning analysis
Technical analysis of US500/SPX.
Three different counts, one bullish (green) and two bearish (yellow, red).
Green count has primary double combo wave to complete the correction, bottom in at 5756.90.
Yellow and red counts both have an expanded flat correction starting on 20 December and are projecting wave (c) to complete above 6039.6.
Yellow count has the expanded flat as a wave ((B)), looking for ((C)) below 5500. Red count has top in, expanded flat as a wave ((2)), looking for wave ((3)) below 5500.
Three different counts, one bullish (green) and two bearish (yellow, red).
Green count has primary double combo wave to complete the correction, bottom in at 5756.90.
Yellow and red counts both have an expanded flat correction starting on 20 December and are projecting wave (c) to complete above 6039.6.
Yellow count has the expanded flat as a wave ((B)), looking for ((C)) below 5500. Red count has top in, expanded flat as a wave ((2)), looking for wave ((3)) below 5500.
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