The S&P might emerge to the upside, above the gray horizontal dashed line.
But this view is contradicted by my understanding of the Elliott waves. It looks that the minuette WXY correction is complete and the price has to go down from 4214, the May 19th top. When the price reaches the 4111 level, at the triangle wave 4 micro, it can be a first confirmation to the short scenario. In such a case I expect the downward move to be very soon and very fast.
A: No, just a very small profit.
pin.it/YDQ2oSP
but this one I like more
pin.it/3ldmjjY
Life goes on. And with the Lord's will I'll be probably around in ten years from now on. Trading of course. And doing analysis obviously.
Be blessed,
D.