S&P500: More Pep!

24 oct. 2022

S&P500 needs some more pep to make it above the resistance at 3820 points, so let’s cheer it on! S&P, you are strong enough to climb above 3820 points and to hop into the upper blue zone between 3943 and 4015 points overlapping with the pink zone between 3963 and 4052 points. After you have finished wave (III) in blue there as well as concluded a countermovement in the course of wave (IV) in blue, you will continue to rise further. Although there is a 33% chance that you could lose your grip and drop below the support at 3502 points, that would only activate a detour through the lower blue zone between 3455 and 3285 points overlapping with the pink zone between 3362 and 3271 points. In that case, you would just complete wave alt.4 in turquoise and start the ascent afterwards.