US500/SPX morning update
Bearish count for US500/SPX. This count is inspired by the possibility that the price action in the ellipse ends up being a regular flat.
Price action off October 2022 low has not had the right look or feel in terms of a true 5-wave impulse. That is not to say that it isn't, or won't become, a complete impulse wave off the low when everything is said and done.
This count does provide some predictive value, for if price action off the April 2024 is, in fact, a regular flat, then wave 5 of the (c) cannot go above 5777.3 (wave 3 is shorter than wave 1).
Price action off October 2022 low has not had the right look or feel in terms of a true 5-wave impulse. That is not to say that it isn't, or won't become, a complete impulse wave off the low when everything is said and done.
This count does provide some predictive value, for if price action off the April 2024 is, in fact, a regular flat, then wave 5 of the (c) cannot go above 5777.3 (wave 3 is shorter than wave 1).
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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.