pardis

S&P 500 INDEX .... Update

OANDA:SPX500USD   S&P 500 Index
If you see the history of S&P 500 from 20 years ago, you couldn't find typical correction such as the last one.
Tomorrow could be the last day for this correction wave after about 13 months, so be ready for getting the best profitable stocks with high capability.

Based on my strategy, corrective wave has been started about one year ago and It has reacted to 50-61.8 Fib Ret properly. Whatever I can see, it's a breaking a long-term descending trend line and I'm waiting for passing out of a valid S/R spot for starting new uptrend.
As you know, tomorrow is very important day for releasing fundamental news, especially federal funds rate and then FOMC conference. I suppose, the best time for getting decision, can be about 30 minutes before market cloture time. I'll update it.
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