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FX_PriceActionSetups

SPX500: 3-Drive Reversal (Potential 20% Correction)

S&P 500 Index (OANDA:SPX500USD)  
FX_PriceActionSetups  
OANDA:SPX500USD   S&P 500 Index
Wave Analysis 3-drive Divergence S&P 500 (SPX500) running-flat
15
2
waveanalysis 3-drive divergence spx500 running-flat
We have the S&P500 grinding up to all-time highs. We have some bearish divergence forming and a potential 3-Drive reversal pattern. The 161.8 extension of the 1st drive (green) and 1.272 extension of the 2nd drive (red) both come in around 3100 for so confluence. This is where I will be hunting for reversal. My minimum target will be around 2500 for a Running Flat correction. That is a potential correction of around 20%
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