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powerintegral

S&P500 at resistance, expecting another leg down soon

Short
S&P 500 Index (SP:SPX)  
powerintegral  
SP:SPX   S&P 500 Index
Trend Analysis Wave Analysis SPX (S&P 500 Index) ellliott elliotwaveanalysis short
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trendanalysis waveanalysis spx ellliott elliotwaveanalysis short
The S&P500 has reached its rebound B wave target area near 4400.

We are now expecting a drop towards the line linking the lows since 2008, near the 3100/3000 area.

RSI-14 is also at resistance.

A break above 4620 would invalidate this bearish view.
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