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Lionheart-EWA
Jul 28, 2017 11:59 AM

SPX (S&P 500) – Ending Diagonal & Bearish Divergence Short

S&P 500 IndexTVC

Description

SPX (S&P 500) indeed commenced the previously posted Bullish Rally.

As per the Wave Counts labeled on the charts below, SPX very much looks like it’s trading within the Grand Super-Cycle ABC (red) Structure.
Wave Count is suggesting that a Deep Bearish Contraction could possibly occur for SPX, as multiple signs point towards 2500.00 Levels as being a Significant Resistance, which could push SPX towards 2350.00 Levels.

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