SPX500 - what up
Updated
I think we just completed wave 3 down and should move to fib 50 for wave 4 and then final wave 5 down. Also coincides with ABC correction before we can continue march up.
I would monitor the fib .50 level, could go to .618 or .786 even at which point, last wave 5 down/ C wave could not come to fruition. For now, let it go up but be ready to pull trigger on some + gainers to lower risk.
I would monitor the fib .50 level, could go to .618 or .786 even at which point, last wave 5 down/ C wave could not come to fruition. For now, let it go up but be ready to pull trigger on some + gainers to lower risk.
Note
Bonus Fractal:Note
Another current view:Note
Went above the projected zone but hit the curve nicely. Next moves? Note
Ok, so market is factoring either candidate win? Biden may fix relationship with China and is a better overall international relationship advocate compared to Trump but uncle T watches over the corporations? Either way, if we do not go down from here, chances are a massive bullrun to spark given the high volume.
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.