Habib0601

S&P 500 ready to make new lows

OANDA:SPX500USD   Indice S&P 500
In the last S&P 500 update that I did (linked below) I layed out my EW count for you.
It unfolded pretty well since my then, we got the drop then bounce as expect (for the current waves A and B of the larger Z wave).

Quick recap: We are in a big triple three correction (3 zig zags, WXYXZ) and are now approaching our final wave down (the C leg of the Z wave)

Wave B seems to have completed today with a very ugly daily candle, in which case we are now staring the wave C and are ready to break the lows.
The invalidtion for this count is 4,325

Any questions?

Good luck traders
Remember not to break your rules

Habib
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