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selvamB

SPX to test CRITICAL SUPPORT before RATE HIKE

Short
S&P 500 Index (SP:SPX)  
selvamB Updated   
SP:SPX   S&P 500 Index
Wave Analysis Trend Analysis S&P 500 (SPX500) US500SHORT abcde diagonals
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waveanalysis trendanalysis spx500 us500short abcde diagonals

THE SUPER BUBLE
A super bullish rally after a sharp sell off (corona crash)from 2192 to 4818 is in the form of ABCDE diagonal
CORRECTION BEGINS
Now SPX is in corrective mode, and the first leg (wave 'X') completed @4114,following a recovery rally (wave 'X')also completed@4637.
MORE CORRECTION NEEDS CONFIRMATION
The second leg of correction (wave' Y') WILL BE CONFIRMED if today's SPX move goes below 4202(62% of W).
Watch for this level and a feeble recovery up to 4420 will confirms that SPX is going to fall further up to 3393
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