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mhandley77
Jul 7, 2019 11:23 PM

SPX Broadening Pattern? 

S&P 500SP

Description

Possible large broadening ABCDE pattern developing in the SPX? See what happens... Thanks to a good trading friend for pointing this out.
Comments
The_Unwind
Excellent idea here.
Stay with this...!
swissyoungtrader
thank u @mhandley77 for ur analysis, i think we had the same idea with the elliott counting. Would u buy big positions, as soon as #SPX reaches (E) in ur chart? cause in my opionion thats a bullish formation....2016-2018 we went up, now correction, then a new uptrend. It may be more aggressive then the 2016-2018 trend in my eyes...
mhandley77
@swissyoungtrader, thanks. I would buy small at that level and add to the position as the form is confirmed. I wouldn't load the boat all the way initially, but would build.
mstable

mhandley77
@mstable, we are definitely on the same page here where your (5) is a topping point. Very nice.
mstable
mstable
I saw something similar recently too!
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