The Elliot Tide Turns

We can see that, at the precipice of the wave, staggers but does not pass, around the new high. This area may be the last correction (ABC) wave marked in red. Moreover, the RSI divergence signals to sell as it corresponds to the last correction wave. As the tide turns, each motive wave corresponds to major support lines. The last and 5th wave should slide around the trend that formed (higher-lows) before SPX sky-rocketed.

Chart PatternselliottwaveprojectionElliott WaveS&P 500 (SPX500)Trend Analysis

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