EW_T

Will SPX crash !? Daily 1h Elliott wave analysis

TVC:SPX   S&P 500 Index
On daily chart we still in wave 5 processing, we don't know if last move is end of impulse yet, but we know this is ext 1 on wave profile table on chart corner, and after wave 5 is wave a so we need to prepare spirit for it
Drop down to 1h chart as thumbnail above
We can see impulse 5 wave base on Elliott wave count indicator, look like current price action is bull trap abc correction or new rally, so if it break above 4525 maybe we will have new rally or bigger correction and if it break below 4430 maybe we will have big c impulse down very quick
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