S&P 500 Correction before the new ATH
Hello,
What is the S&P 500?
The S&P 500,[6] or simply the S&P,[7][8] is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices, and many consider it to be one of the best representations of the U.S. stock market.[9] The average annual total return of the index, including dividends, since inception in 1926 has been 9.8%; however, there were several years where the index declined over 30%.[10] The index has posted annual increases 70% of the time
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My Thoughts For You
I have identified a regular flat with an extended 1st wave for the C wave of the regular flat. Retracements should occur respectively within the Fibonacci retracements seen on this chart.
If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is the S&P 500?
The S&P 500,[6] or simply the S&P,[7][8] is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices, and many consider it to be one of the best representations of the U.S. stock market.[9] The average annual total return of the index, including dividends, since inception in 1926 has been 9.8%; however, there were several years where the index declined over 30%.[10] The index has posted annual increases 70% of the time
News
My Thoughts For You
I have identified a regular flat with an extended 1st wave for the C wave of the regular flat. Retracements should occur respectively within the Fibonacci retracements seen on this chart.
If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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