Bearish Alternate Wave Count 10-13-23
My prior SPX post noted a bullish trend may have begun. The SPX rallied into a gap area then on 10/12/23 sharply dropped lower.
Its possible an Elliott wave series of "one's" and "two's" down from the SPX 7/27/23 top. This is a very bearish formation and could develop into a mini crash back to the October 2022 bottom.
Watch the SPX - 200 - day moving average. A break below the line could trigger a mini crash.
Its possible an Elliott wave series of "one's" and "two's" down from the SPX 7/27/23 top. This is a very bearish formation and could develop into a mini crash back to the October 2022 bottom.
Watch the SPX - 200 - day moving average. A break below the line could trigger a mini crash.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.