S&P Long and Strong
Updated
Corrective pattern might be bottoming, and it's time to go shopping for the retrace to at least .5 (4377). Potentially, it could dip more to 4230 but the higher probability case is to the upside over the next few days. After that, most likely some selling to push lower and set up the next Q4 rally.
Comment
Larger bounce than originally expected, but forming an irregular zig-zag pattern.
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.