$SPX Wolfe Wave

SPCFD:SPX   S&P 500 Index
I'm not suggesting short $SPX , but it has formed a wolfe wave . Confirmed with a break of 1930. Initial target at 1800. Not too big on tech patterns, but wolfe waves have been uncannily good in the past and offer great r/r. If $SPX is even capable of going red anymore. This current move in SPX is overextended even for the bull run SPX has been on. Only going up 2 pips is the new correction in SPX . If it starts to dive, there is a ton of air to go however. Just a possibility in the coming weeks.


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