US500/SPX evening update
Bearish case for US500/SPX:
I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat.
Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.
I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat.
Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.
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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.