S&P500 - bullish or rangebound?
Updated
Classic form of ''C'' wave exhibited by S&P500 index
Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1
This is interesting because if the 3rd wave is within 1.618[Golden ratio]times of wave 1 ,
there is a chance of end of correction.
but to confirm this bullish strategy wave ''A'' of 4th wave[proceeding wave] to reach above
either 50% of wave 3 or wave 1 territory.
this week we may get a clarity whether our Mother index goes in a range or climbing up
Wave1 to wave 3 completed, wave 3 not exceeded 1.618times of wave 1
This is interesting because if the 3rd wave is within 1.618[Golden ratio]times of wave 1 ,
there is a chance of end of correction.
but to confirm this bullish strategy wave ''A'' of 4th wave[proceeding wave] to reach above
either 50% of wave 3 or wave 1 territory.
this week we may get a clarity whether our Mother index goes in a range or climbing up
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