2 Scenarios for
SPX
here:
1. Bullish Scenario
We have an impulse wave up and we are currently in wave 4 correction. and wave 5 up still to unfold.
2. Bearish scenario
We are in an ABC correction. We need hard evidence to confirm that the next impulse wave down has begun.
The moment that decisively breaks the lower parallel channel we can say that the impulse wave down has begun.
Conclusion:
We are at an important junction and the market either complies with the bullish or bearish scenario, giving us tremendous insight.
Which side are you on? Are you a bull or a bear here?
SPX
here: 1. Bullish Scenario
We have an impulse wave up and we are currently in wave 4 correction. and wave 5 up still to unfold.
2. Bearish scenario
We are in an ABC correction. We need hard evidence to confirm that the next impulse wave down has begun.
The moment that decisively breaks the lower parallel channel we can say that the impulse wave down has begun.
Conclusion:
We are at an important junction and the market either complies with the bullish or bearish scenario, giving us tremendous insight.
Which side are you on? Are you a bull or a bear here?