Get started
kavindajd

S&P 500 Bearish Count

Short
S&P 500 Index (OANDA:SPX500USD)  
kavindajd Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Wave Analysis Chart Patterns elliottwaveprojection
3
0
trendanalysis waveanalysis chartpattern elliottwaveprojection
Might be excessively bearish but if this truly is an ABC correction, we might take out March lows.
Following a 5-3-5 zigzag pattern, this leg should have 5 waves in it.
We might still be completing the first of the first wave, hence Monday's and Tuesday's price action will be telling.

Let me know what you guys think!
Order cancelled:
Count no longer valid.
Rally today seems to suggest ATH's.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.