TimeWaveTrading

SP&500 Trend Analysis Update

OANDA:SPX500USD   S&P 500 Index
The stock market has a very high possibility of weekly w-x-y correction due to monthly resistance. If this rise is wave5, it should have renewed its high, but it could decline towards y points due to the fact that the positive effect of earnings decreases, and uncertainty before the presidential election may increase. If the uncertainty is high after the presidential election, it may be a deep correction to the expanding flat.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.