S&P 500 Index
Short
Updated

SPX Possible downside after Flat structure (Elliott Wave)

497
SPX : Flat correction for W.B Cir. looks about complete, we are looking for one leg down as an Impulse for W.C Cir.

Strategy : A break below ST line which is also the high of W.1 of last Impulse can be taken as a sell trigger, with SL above swing high.

1H : snapshot

15 min. : snapshot
Note
15 min. : Updated :
snapshot
Note
15 min. : Shorts can be added with SL above swing high : snapshot
Note
1 H : Updated Count : The sell setup failed, W.C of the Triangle looks to be in play, wait for a confirmatory pullback to initiate longs : snapshot

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