SPX500: Bullish Triangle Breakout to 6,130 Before Major Reversal
SPX500 has formed a bullish triangle, signalling an imminent move higher. Our Elliott Wave analysis suggests a rally from the current price of 6,050 to a double top around 6,130. However, a break below 6,029 would invalidate this bullish scenario. After reaching the 6,130 level, we anticipate a sharp downturn to new lows.
VITAL DIRECTION ~ Wealth Matters
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VITAL DIRECTION ~ Wealth Matters
Read the full article on our website: vitaldirection.co.uk/analysis/
Join our Telegram community to stay updated: t.me/+uO1myDok2eQwMWM0
Read the full article on our website: vitaldirection.co.uk/analysis/
Join our Telegram community to stay updated: t.me/+uO1myDok2eQwMWM0
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.