Indice S&P 500Mis à jour Target reached... now what?
My target has been reached, but I think one more litle push up is needed to complete the current impulse in miniscule degree.
After that, if an expanding triangle is in fact the corrective pattern underway, I expect an ABC or WXY pattern to unfold to the downside, which would have to go beyond the end of subminuette wave c (red).
One alternate count is to consider the correction already over, and if so, the current rally would be a series of nested 1-2, which would then take immediatelly the market to more new all time highs.
I choose my preferred count just because I can't understand the corrective pattern of the alternate count.
After that, if an expanding triangle is in fact the corrective pattern underway, I expect an ABC or WXY pattern to unfold to the downside, which would have to go beyond the end of subminuette wave c (red).
One alternate count is to consider the correction already over, and if so, the current rally would be a series of nested 1-2, which would then take immediatelly the market to more new all time highs.
I choose my preferred count just because I can't understand the corrective pattern of the alternate count.
Note
Recounting current rally:
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Publications connexes
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.