Get started
peterdcharlebois

SPX500 - What will happen at the previous top?

S&P 500 Index (OANDA:SPX500USD)  
peterdcharlebois Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
At first when the index turned back upward I thought it would be a fast affair to the previous top. When it started to grind, I then thought it would still make the old top but would develop as a diagonal. It seems it's doing both now. The internal wave structure still looks like a series of 3 waves. So I'm expecting the result to be that it finishes it's form inside the diagonal triangular lines drawn. The next 24 hours will tell the story.
Comment:
The move up turned into a typical EW 5 wave impulsive. Is the top in place? Still watching 4488

Related Ideas

peterdcharlebois
SPX500 -Well more downside calls for more downside
peterdcharlebois
How an "Ending Diagonal" really forms and what it means
peterdcharlebois
SPX500 - A choppy affair - But still pointed upward so far
peterdcharlebois
SPX500 - looking for a thrust upward to the recent top
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.