Terl

Update SPX

TVC:SPX   S&P 500 Index
Note to self: you started the short too early. That sucks.

Comments

Need to be careful here. The current action might be the middle part of a flat - wave A might have been the drop from 2491 to 2417, if so this is wave B which will likely be 1.38 of A giving a target of 2520. Interestingly the subsequent wave C might be 1.618*A giving a target of exactly 2400 support. Not saying this is going to happen, but an option to watch for. The idea will start to look valid if the current upwards pattern develops into a rising wedge for 2520 from the 2417 low.
Reply
Terl kunsan
@kunsan, 2515 to 2525 are interesting levels in terms of fib ratio on the big picture (bullmarket from 2009) From there it should go sideways or down. But who knows...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter