selvamB

SPX- surprise Rally ahead

Long
selvamB Updated   
SP:SPX   S&P 500 Index
The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly.
hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde.
Provided the low of 3rd Nov'22 (3698) respected(should not break).
If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been completed, and a new recovery wave ABC (3 waves)will start.
This may begin with a santa claus rally from 14th Nov'22
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BUY ONLY AFTER FRIDAY UNTIL WATCH
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target time mentioned as 18th may extend to 23rd Nov
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Trade closed manually:
long target reached 4040 ,
look for short from next week
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