In my last post about the SPX I said it would make a marginal new high and then likely whipsaw down again. It's been fun trading this range. So now we have a new technical level to watch for bearish potential. Regarding Elliott Wave counting on this I think we have to wait a bit longer to identify the waves until it plays out a bit more. I've exited my short position for now and bearish again below the lower channel line.
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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.