A potential area for SPX to finish wave 5 and have a short ABC correction before heading down more.
We are oversold on the 4 hourly and struggling to break through a major support area.
A break of the support level means we'll head down further so I am currently waiting for bulls to show some strength before getting into this play.
Let me know what your guys think in the comments below.
We are oversold on the 4 hourly and struggling to break through a major support area.
A break of the support level means we'll head down further so I am currently waiting for bulls to show some strength before getting into this play.
Let me know what your guys think in the comments below.
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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.
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.