SPX a correction to ensue in coming weeks (Elliott Wave Analysi)
Previously I published a report in which I specified that SPX should achieve a level of atleast 2370 which was achieved on 24th Feb 2017 and hence I will be looking at the current wave progression and the future targets for the SPX using Elliott Wave.
From the count it seems that SPX is currently in the Wave 3rd of the 3rd which is either complete or will get completed near the 2390 mark or above, after which we will see probably a Zig Zag type of correction in the weeks to follow.
I will update further as the market progresses.
Note : Do not take any short position untill the Circled 5th Wave is complete, I currently have doubts regarding it's completion levels which the market will clarify in upcoming days.
From the count it seems that SPX is currently in the Wave 3rd of the 3rd which is either complete or will get completed near the 2390 mark or above, after which we will see probably a Zig Zag type of correction in the weeks to follow.
I will update further as the market progresses.
Note : Do not take any short position untill the Circled 5th Wave is complete, I currently have doubts regarding it's completion levels which the market will clarify in upcoming days.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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