Deus
Long

SPX500 lower level waves labeling

FX:SPX500   S&P 500 Index
I shall see if this magic works out. I will be looking to lighten my position shortly after London opens (or right at the bell if the price reaches the target area before that). If I am right the price will start a steep correction after that (alteration rule in Elliott Wave theory), which may last into US session. I will then be looking to add longs at 2890 (or where the price reverses) to ride all the way up to 2960.

It will also provide mitigation if we are in the alternative, pink scenario.
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