Sharing a simple yet very visual idea of what could be happening with SP500 in terms of Eliott Wave. We would be in an ABC correction, A finished, B in course, near to its end, C to happen in the future. In the end, uptrend. So short term, LONG for a little while, might end anytime soon. Medium term, further correction (SHORT). Long term, LONG.
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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.