Fomenka

πŸ›ŽοΈ SPX500 Update

FX:SPX500   S&P 500 Index
SP500 is not clear at this stage. The price is presumably in process of completeing an expanding diagonal. The immediate count is not clear. A more probabale case in my view is in red. Also, I marked in teal a possibility of immediate rise in wave c. However, I have not spent enough time on the teal triangle subdivisions to fully confirm it and instinctively I do not like the look of it. I think a bigger and more complex wave b is in the works.

I am not taking any positions in SP500 for now.