ES1/SPX: I believe that Wave (2) is very close to Completion.
Why I believe wave (2) bottom is close?
1. The Index is sitting close to two powerful trend support.
2. It is sitting near/outside the lower BB
3. It has retraced far more than the typical 50%
4. The EW count is complete
5. RSI is in oversold territory
1. The Index is sitting close to two powerful trend support.
2. It is sitting near/outside the lower BB
3. It has retraced far more than the typical 50%
4. The EW count is complete
5. RSI is in oversold territory
Comment:
