AlanSantana

SPX Bearish Potential Resuming

Short
SP:SPX   S&P 500 Index
We first spotted a bearish correction that was incoming to the NDX (Nasdaq), SPX ( S&P 500 Index ) and DJI (Dow Jones), the B wave ended in late January.

We are now experiencing a bounce and we have a potential high for wave B.

All that is left now is wave C to be completed.

We also have a bearish candlestick pattern formation in the past few days.

A break below EMA10 and the "inflation"/Fed tapering problem... The markets are set to correct.

Check the "Related Ideas" below for previous articles.

Thank you for reading.

Namaste.

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