Seems like SPX has found the base for another push up to 4400+ zone in wave C of larger B. It may take up to 2 months to complete this structure.
I count recent choppy action as wave 1 taking shape of expanding diagonal, it may still do one more spike up before retracement in 2. 3840 should be a stop-loss here.
I count recent choppy action as wave 1 taking shape of expanding diagonal, it may still do one more spike up before retracement in 2. 3840 should be a stop-loss here.
Trade active:
So far it goes as planned, though fib-wise it might land near 4330-4350 zone.
Trade closed: target reached:
Forecast was correct trend-wise though it hasn't reached required target. Cycle-wise reached the peaks within the cycle target range, further longs should be very cautious.