FX:SPX500   S&P 500 Index
101 0
BUYING THE DIP after an almost 100 handle deep 5 wave down !!
EW ma's 13 and 34 making a bull cross - might indicate a BTFD at red c.
If corrective 3 wave ABC up pans out it should be a 88.6 retrace.
SP did make a 5 wave down so a corrective 3 waves up making a wave 2 - could def. pan out

RSI has broken out above resistance but still in overbought area on the 4h chart.... have to show strength after having made the red abc retrace

As always.... time will tell

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