turdcapital

Three Possible Trajectrories for SPX

FX:SPX500   S&P 500 index of US listed shares
The most likely path is the solid blue as it will satisfy the ABCD pattern in play and perhaps a much larger harmonic and the final relief bounce.

The green path will be the bull's last hope to stage a push for the highs again, but a solid break of the wedge is requisite, else we retest the lows.

The dashed line is the least likely but may come into play if china concerns persist or geopolitical risk is front and center again.

We will get more clarity after Chinese data and the long labor day weekend.
Top scenario is playing out pretty much as expected. if this can find support at 1948 or higher, we will likely break the wedge to the upside, else a failure would sen this to break to the downside and likely under the wedge
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turdcapital turdcapital
Further, the broader picture suggests a bear flag that is just about done shaping up, having completed this 5th wave. So crucial moment here for bulls
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