rv

SPX500 (Daily). Closing Triangle. Scenarios.

rv  
FX:SPX500   S&P 500 index of US listed shares
485 2 9
SPX500             (Daily)

Range bound, Triangle consolidation(abcde) potential 5-wave             , finding support at 200 sma . RSI at 52.
Currently, reached resistance at the upper bound and tagged 50 sma .
Breaking to the upside, opens the door for 2100 and 2170, Fibonacci extension confluence, ABCD.
Reverting to the downside, clearing 200 sma , price could reach the 1900 and 1850 level.
dintale
2 years ago
I like more downside option :)
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rv
2 years ago
Wedge brake_out. 1.272 extension
snapshot
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