Oportunity at S&P 500 for the next weeks

FX:SPX500   S&P 500 Index
After falls at the beginning of the year, S&P 500             tested the huge support at 1800 and completed a double bottom figure which target has just been achieved.
  • S&P 500 has arrived at the downtrend line that is active for almost 1 year.
  • RSI breaking trends and showing triple down divergences.
  • Price has just completed 5 impulsive Elliot waves, so now it's time for corrections.
  • Ratio Profit/Risk more than 2!

Gonzalo Melendi
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