S&P 500 Index

SPX Daily Harmonic Elliott Wave Analysis

94
Overview: let's review the expectations on the update of yesterday:
  • We have completed a triple zigzag in wave b.
  • This count can turn into an impulsive wave with equal probability and validity, meaning the bottom is in.
  • The broadening triangle on NDQ is a very bearish formation


Update: we are in wave c of (I) of c of Z. A decisive breakdown through the ascending trendline on the hourly chart is a strong piece of confirmation.
snapshot

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