Wassboy

S&P 500 - complex wave pattern

Wassboy Updated   
TVC:SPX   S&P 500 Index
The longer the timeframe, the more complex wave pattern often develop

Level 4390 is around where 3 wave minuette is meeting resistance. I expect it to be hit tomorrow 13 july and the heading to 4360 for 4 wave minuette

Minor wave 3 = should be hovering around 4500 and just below upper final channel resistance line

Minor wave 4 = if fractals keeps on displaying them self - it will be a "bigger" corrective = which can look like a big top of marked, only to head up in Minor 5 for a break of resistance line
Trade active:
Level 4392.37 = Minuette wave 3 top
The resistance level 4390 was correct as well of it completing on 13 July.

- Minuette wave 4 target 4360 is active
- a wave 5 top around 4410 to make Minute wave 3 top

Best regards
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