SPX projections into next week
Given all the bull moves have been corrective it's proper to assume the bottom is not yet in. Using C=A projection this is what I expect going into next week in regard to time as well. As elliot describes them, 4th waves are long in time/choppy/shallow and this recent price action supports it. The target for the bottom is around the .618 level
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.