Hellena | SPX500 (4H): Short to support area 5165.

Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction.
Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area of 5165.

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Commentaire:

Colleagues, the price continued the upward movement to complete the wave “b”. At this point, I start to consider only short positions, even if the price reaches the resistance area.