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alx13

ED or breakout?

S&P 500 Index (TVC:SPX)  
alx13  
TVC:SPX   S&P 500 Index
Elliott Wave Trend Analysis Chart Patterns EWT ewtrading Ending Diagonal breakout
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elliottwaves trendanalysis chartpattern ewt ewtrading endingdiagonal breakout
SPX is at an important junction here. If it can sustain the breakout above the upper black TL, then this could accelerate higher going fwd.
If SPX whipsaws the upper black TL and turns back down from here, then the ED (ending diagonal) would be gaining weight. Next few days look key and will set the intermediate term direction.

Trade safe!
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