nick.holland78

SPX500 - 1hr

Long
FX:SPX500   S&P 500 Index
1
Minute wave iii appears to have topped, although a slim chance of continuation in the expanding diagonal for a higher (v) remains remotely possible. I am not, however, trading for it. Plan is to load up in support as my primary expectation is a higher move above the DTL from ATH for completion of minor wave 1 off the low.
If 1995 fails I'll be looking more closely at the corrective alternatives (waves X or B leading to alt (4)).
Sorry to include so many possibilities, but I've got a bluish expanding Leading Diagonal annotated. Support would break, and minute wave iv could overlap wave i. This is not my primary expectation.
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