SPX scenarios in weekly chart
Hello
These 2 scenarios for S&P is more probable ones and as you elliotticians know there is a doubt in wave (4). In scenario 1 wave (4) is acceptable due to Alternation and in scenario 2 it made a Running Flat. In both scenarios there is one strategy for today market which is another correction starting from here.
In smaller time frames you need to find a bearish impulse wave to get in this correction.
These 2 scenarios for S&P is more probable ones and as you elliotticians know there is a doubt in wave (4). In scenario 1 wave (4) is acceptable due to Alternation and in scenario 2 it made a Running Flat. In both scenarios there is one strategy for today market which is another correction starting from here.
In smaller time frames you need to find a bearish impulse wave to get in this correction.
Note
We are in the beginning of massive correction and we should expect to see anything in the news.
2025 is a playful year.
Note
for me this correction does not have any chance to trade.
Do not forget, they will recollect all you have earned in the last weeks.
Just leave the circus.
Note
In the terms of EW, there might be some chance in wave C.
For now it might make wave A.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.