This is a follow up to my previous SPS500 analysis. Have a look at the idea mentioned below to check the wave structure on Daily Chart:
Currently we are in B wave which due to bullish sentiments in the market expanded above the start price of Wave A. Similar to NAS, I am anticipating the converging diagonals on SP as well while expecting the drop in prices by next week.
Currently we are in B wave which due to bullish sentiments in the market expanded above the start price of Wave A. Similar to NAS, I am anticipating the converging diagonals on SP as well while expecting the drop in prices by next week.
