The S&P has not been able to hold the vM 2489.5 neckline lower,
and has now formed and triggered a vM to 2273.
Currently expecting 2489.5, it will need to rebound from there to avoid further selling towards 2273.
Another possibility could be a W with a base near the 2070-ish area.
and has now formed and triggered a vM to 2273.
Currently expecting 2489.5, it will need to rebound from there to avoid further selling towards 2273.
Another possibility could be a W with a base near the 2070-ish area.
Comment:
the "2070-ish" was a typo. I think it was intended to say 2570-ish