SPX Idea Dead Cat Bounce?

SPX

Is this a Dead Cat Bounce?

I see confluence with the 50 DMA and the Golden Pocket fib levels.

We are in a downward trend.

My Elliot Wave count suggests an ABC correction is almost complete for Wave 4

Let's see if we can get a move higher into the swing fib levels highlighted by the green box before making new swing lows.

Trade fermée: cible de profit atteinte