Today we are analysing the S&P500 where you can see everything on the chart.
**Like my previous analysis on S&P500, we are BULLISH, but for a different plan (the other one is a WXYXZ)**
After just finishing the ABC pattern, we might be entering the 5 purple of the V orange.
Therefore we have arround 4 objectives:
1- 4526 2- 4920 3- 5046 (strongest) 4- 5560
Tomorrow we will have the retail earnings, and it look very bullish for Walmart, Home Depot and Target, so it will be one of the factors why we will have big green candles this week!
Have fun and don't hesitate to look the other idea on S&P500 linked below . . . And comment if you have any suggestion !
Brave contrarian view. However, maybe fall Congressional elections will force support soon, bearish sentiment could drive rates lower, and debts can wait (some think forever)? There's lots of time to react either way, one must hope if taking strong positions?
ModTrades
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@Bill_Howell, Thank you for your comment, yes this is a good point that made, but it is only in November isn't it? I want to wait and look for confirmation of a bullish plan, but IMO, I prefer the other plan which is a WXYXZ (complex triangle) where during months or year we will be consolidating by doing massive bullish trends and bearish trend to make people loose their minds aha!