SPX 2510 Support
Back from a break. Seems as if the market wants to sell down in a C wave to complete a higher degree 4th correction which takes us down to a 38.2 projection from wave 2 lows. This is the most probable scenario before we V bottom and Rip higher to complete the higher degree impulse that starts basically when the SPX started trading. Either we sell impulsively or this market has the chance of going sideways due to confusion from smart money and algos. looking for SPX to break the lows for confirmation of selling down to 2510.
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.