EW-Mercury

SPX500USD (Elliottwave Forecast)

OANDA:SPX500USD   S&P 500 Index
Current SPX500USD should wait for clearer wave to trade. The current region is hesitating between the end of wave (y) or not and whether the market has an uptrend to retest the peak area or not?
From my personal analysis point of view, I predict that the SPX500USD will have a further bearish wave to complete the y-wave of (y). Therefore, everyone can watch the buy signal at FIBO 0.786 of the previous advance. If beautiful, everyone can enter the market here for buy orders.

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