SPX500 - The top doesn't look quite right. Watching 4230
Well, this is a fine mess. I use multiple disciplines to make my trades. Of all the ones I use, believing my eyes is the most important. That is to say that strong price action in a given direction is the most important trading cue. I do love to try and overlay the most obvious Elliott wave pattern on my charts. About the only one I can make fit here is the one I'm showing. We are at a trend line so price action here will be important. But overall I won't take a strong bearish stance until we break 4230.
Related publications
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.