Hello Traders,
SPX short-term Elliott wave view suggests that a rally to $2941.42 high ended black wave ((B)) bounce. Down from there, black wave ((C)) remain in progress as impulse structure. Where initial decline to $2912.63 low ended black wave ((i)). A bounce to $2939.86 high ended black wave ((ii)). A decline to $2883.92 low ended black wave ((iii)), black wave ((iv)) ended at $2909.64.
Black wave ((v)) ended at $2869.29 low, which also completed red wave 1. Up from there a bounce to $2894.83 high ended red wave 2 as a Flat structure. Where lesser degree black wave ((a)) ended at $2890.42, black wave ((b)) ended at $2862.08 and black wave ((c)) ended at $2894.83. Down from there, red wave 3 ended in lesser degree 5 waves at $2745.46. A bounce to $2784.11 high ended red wave 4 recovery.
Then red wave 5 of blue wave (1) ended at 2710 and as long as it stays above that level the index is expected to do a bounce in blue wave (2) to correct the cycle from $2941.42 high in 3, 7 or 11 swings before turning lower 1 more time entering into another possible long side at $2584.87-$2363.19 area approximately. We don’t like selling it.
SPX short-term Elliott wave view suggests that a rally to $2941.42 high ended black wave ((B)) bounce. Down from there, black wave ((C)) remain in progress as impulse structure. Where initial decline to $2912.63 low ended black wave ((i)). A bounce to $2939.86 high ended black wave ((ii)). A decline to $2883.92 low ended black wave ((iii)), black wave ((iv)) ended at $2909.64.
Black wave ((v)) ended at $2869.29 low, which also completed red wave 1. Up from there a bounce to $2894.83 high ended red wave 2 as a Flat structure. Where lesser degree black wave ((a)) ended at $2890.42, black wave ((b)) ended at $2862.08 and black wave ((c)) ended at $2894.83. Down from there, red wave 3 ended in lesser degree 5 waves at $2745.46. A bounce to $2784.11 high ended red wave 4 recovery.
Then red wave 5 of blue wave (1) ended at 2710 and as long as it stays above that level the index is expected to do a bounce in blue wave (2) to correct the cycle from $2941.42 high in 3, 7 or 11 swings before turning lower 1 more time entering into another possible long side at $2584.87-$2363.19 area approximately. We don’t like selling it.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.