Signal of a top in SP...maybe!

SP:SPX   S&P 500 Index
Unfortunately I can't show you the 15 min chart BUT

I have these 2 micro EW-counts to find end target of the SP500
My primary EW-count is an ED ( ending diagonal ). The wave SP are in at the moment is a wave iii of 5 and can’t exceed the length of wave i of 5 which puts it's maximum at 1564. Thus, we need today an immediately wave iv of 5 drop and it must remain above 1548, as an ED wave iv of 5 can breach the wave i of 5 high of 1557, but can’t break below wave ii of 5.

For the alternate EW-count the wave iii of 3 SP are in can’t turn back now and must therefore not breach the wave i of 5 high of 1557. It needs to keep grinding up tomorrow near 1574.

In short: The way you will be able to separate the two counts are by the wave action right after the opening bell. A drop below 1557 - then watch for the primary to end in an ED at 1565 witch also at the same time is the target for the latest IHS . A continued move up, then watch for the alternate EW-count to end at 1580-1590.

NB! Be aware of - that wave i of 5 could have ended at 1553,03 instead and wave 2 at 1548,25. 0,01 point above end of minor wave 4 low at 1548,24. It does in fact open up for a SHS with a neckline at 1448 with at left shoulder set the 12. of march at 1557. That could be a signal of a top in SP.

Safe trading gents!



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