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S&P 500 E-mini Futures
Short
Updated

SPX wave (A)(Cyan)Leading Diagonal Probably Done! 18/7/2021

147
SPX with price breaking low of 4340 which is wave b of subwave of wave 5( Not shown on chart). SPX probably completed its leading diagonal pattern .. Short SPX toward around 3880 which is 1) Daily 200 EMA line 2) The Next Major Demand Zone ... Stop lost at 4384.50.... A Risk /Reward Ratio of about 6.64!
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xyz3dtrading.. Charts consist of 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed )
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It seem like SPX recent impulsive move down is a C leg of expanding flat pattern. SO SPX still will be breaking all time High again!
SteveTan
Chart PatternsEconomic CyclesElliott WaveS&P 500 E-Mini FuturesLeading DiagonalriskrewardriskrewardratioSPX (S&P 500 Index)S&P 500 (SPX500)

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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.
Chart PatternsEconomic CyclesElliott WaveS&P 500 E-Mini FuturesLeading DiagonalriskrewardriskrewardratioSPX (S&P 500 Index)S&P 500 (SPX500)
SteveTan

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.