WallStScalper

SPX still in an ED (Ending Diagional) Update!

INDEX:SPX   S&P 500 Index
394 2 2
5th wave can fail to reach the 3rd wave peak - in the SPX             case 1730.

A failure to break above 1730 now that the SP-500             has reached 1721ish will likely send the SP-500             price falling rapidly back down toward were the ending diagonal began at 1560.

The maximum ED target for completion is at 1749. To the up-side a move above 1749 would invalidate the ED count.
To the down-side watch for a move below the SP-500             50-day SMA (1679) to signal that the ED is complete.

As always.... time will show!

Safe trading Gents!
BM

Music at work: https://www.youtube.com/watch?v=DeumyOzKqgI
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