S&P500 is about to complete a 5 wave sequence at key resistance levels. Expecting a rejection from red zone into the green one.Note
Looks top-ish... Keep in mind that regardless of EW count (uptrend ending with a diag or expanded flat correction) the zone remains a resistance. Will be updating the EW as it develops.Note
Note
Expecting a breakout next month and with oscillators at the highs, difficulty to break above the resistance and a potential 5wave move the bias is to the downside.Entry above weekly high, target at .382 PB from the https://swings.https://www.tradingview.com/x/VPiNs1Xe/
Trade active
Trade closed: stop reached
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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.