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Market_Mage

SP500 Short term - back to trendline

Short
S&P 500 Index (OANDA:SPX500USD)  
Market_Mage Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Wave Analysis sp500index sp500short Stocks stocktrading stockmarketanalysis
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trendanalysis waveanalysis sp500index sp500short stocks stocktrading stockmarketanalysis
SP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom.

I tried to sketch the pattern though the EW - I dont say this is a valid count

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Trade closed: target reached
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