S&P 500 futures edged slightly lower in yesterday’s session but are expected to remain within the upward trajectory of magenta wave (5), which, under our primary scenario, is likely to continue moving higher. This advance would also complete the larger blue wave (III). Afterward, we anticipate a corrective phase in magenta wave (A), which should put renewed pressure on the index. At the same time, we are monitoring our alternative scenario, which suggests that magenta wave alt.(3) has not yet concluded. If prices drop below the support level at 6,371 points, this scenario will come into play. In that case, wave alt.(4) would likely extend further downward, reaching its low within the magenta alternative Target Zone between 6,055 and 5,822 points (probability: 30%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.