S&P 500 IndexShort
SPX has ended a major impulsive move higher
Validation:
Wave ii is a running flat retracing 38%
Wave iii reaches a max 1.38 extension
A sharp wave iv correction at 62%
Good ii/ iv variability in this count
Wave i peak - wave iv low, avoid crossover (by less than 3 points)
Wave v of 5 extends as required to the 2.62 extension
A valid ending to a major move for SPX
Wave ii is a running flat retracing 38%
Wave iii reaches a max 1.38 extension
A sharp wave iv correction at 62%
Good ii/ iv variability in this count
Wave i peak - wave iv low, avoid crossover (by less than 3 points)
Wave v of 5 extends as required to the 2.62 extension
A valid ending to a major move for SPX
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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.