markrivest

Short - Term Elliott Wave Count 1-11-23

SP:SPX   S&P 500 Index
The SPX has rallied to short - term resitance at the .618 Fibonacci retracement of the 12/13/22 to 12/22/22 decline.
Both 15- minute RSI and MACD have bearish divergences.
There's a good chance the U.S - CPI report due out on 1/12/23 could trigger a multi - day decline.

Mark

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.