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peterdcharlebois

SPX 500 - Hard drop from new high as expected

S&P 500 Index (OANDA:SPX500USD)  
peterdcharlebois  
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis
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In my last post about the SPX I said it would make a marginal new high and then likely whipsaw down again. It's been fun trading this range. So now we have a new technical level to watch for bearish potential. Regarding Elliott Wave counting on this I think we have to wait a bit longer to identify the waves until it plays out a bit more. I've exited my short position for now and bearish again below the lower channel line.

Related Ideas

peterdcharlebois
SPX500. Another high still possible - But then new drop.
peterdcharlebois
SPX500 - I think maybe another new high - then Whipsaw! Again
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