ISHARES VII PLC ISH S&P500 UCITS ETF GBP-H DISTLSE
Description
⋅
The correction that began in May and finished in October of last year is tricky and I have no idea if my count is even close to being correct but whichever way I look at this I end up bullish. To me, it's just a question of how deep the present correction will take before this index resumes it's path to the upside. (The only negative scenario I can find is the somewhat far-fetched one that this is some kind of expanded flat dating back to the original correction back in 2018. I have shown it with the red count. Personally, I'm with the bullish blue count.....)