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SPX500 Bullish Setup

Long
S&P 500 Index (FX:SPX500)  
wstchse  
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis Bullish Patterns calloptions elliowave NASDAQ 100 CFD Stocks S&P 500 (SPX500)
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trendanalysis chartpattern waveanalysis bullish calloptions elliowave nas100 stocks spx500
Clear 5 wave down on the weekly with rsi bull divergence confirming the completion of the first cycel/leg down. Current structure suggests we are in either a new bullish trend or possible ABC correction that should take us up to test 4400-4500. As more structure develops we will have a better idea of if we are in a sharp correction or start of a new leg up to put in a new ATH!

Happy Trading!
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