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Acel

S&P500 Elliott Wave Analysis - What goes up...

Short
S&P 500 E-mini Futures (CME_MINI:ES1!)  
Acel Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Elliott Wave Fibonacci Centered Oscillators S&P 500 (SPX500) spxshort snp500 esmini
5
10
elliottwaves fibonacci centeredoscillator spx500 spxshort snp500 esmini
SPX is about to complete a 5 wave sequence at key resistance levels. Expecting a rejection from red zone into the green one.
Comment:
Looks top-ish... Keep in mind that regardless of EW count (uptrend ending with a diag or expanded flat correction) the zone remains a resistance. Will be updating the EW as it develops.
Comment:
Comment:
Expecting a breakout next month and with oscillators at the highs, difficulty to break above the resistance and a potential 5wave move the bias is to the downside.

Entry above weekly high, target at .382 PB from the swings.
snapshot
Trade active
Trade closed: stop reached
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