SPX500: next 2 scenarios
#SPX500 has just touched the strong bearish trendline you can see on Daily.
Now 2 scenarios.
First Scenario: The price breaks it and go up until 2800 (Fibo 50%) first and then 2935 (Fibo 61%)
Second Scenario (on our opinion the most credible): the price breaks the support, bounces on hit and go to complete the Elliot Wave on point 5 (and 1.618%) at 2000.
Now 2 scenarios.
First Scenario: The price breaks it and go up until 2800 (Fibo 50%) first and then 2935 (Fibo 61%)
Second Scenario (on our opinion the most credible): the price breaks the support, bounces on hit and go to complete the Elliot Wave on point 5 (and 1.618%) at 2000.
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