The SP500 index has been correcting since August. When we look at this correction, I also see that it is in line with the Elliot Wave principle. Last week, the index fell to $4115 and found the support level indicated by the volume profile indicator. I think that the index will find support around this level and return to the uptrend. Therefore, although I think that it will go down to $4060 this week, I think that it will close the week around the $4130 level. At such a close, I will receive a return confirmation. When I receive a return confirmation, I will review my share portfolio in the US stock market and make the necessary purchases.
Comment:
Support worked as I planned.