Crypto_Mercy

SPX is about to reverse, wave 5 of C is almost completed.

Long
SP:SPX   S&P 500 Index
Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging ( bullish Divergence Class A on the RSI ).

The big question is what's next...?
It can be 2 things now, a new higher high or the beginning of a WXY in what i think can be a Cycle Wave 4 retracement.

Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable).
Best to you !! Thanks for your comments !
Trade active:
Trade active: it turned out to be an impulse down !
Trade active: With the FED announcement, little fakeout and

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