L_F

SPX500 - One more rally before sell off.

Long
L_F Updated   
FOREXCOM:SPX500   S&P 500 Index
SPX is rallying from the low which completed the ABCD down.
Now im looking for one more rally into 4230-4250 before we get another correction down followed by another rally into 4400-4450.
For this to be correct we need the completion of the 5 waves up, then that will be the start of either a move to all time highs or the start of an ABCD correction to set off the next major sell signal which could see us heading down into the low 3000s.

But for now just following this rally to see where we go next.

If time and price is right the rally should stop around June 22.

Exciting times ahead. 👍👍
Comment:

Smaller TF showing the ABCD pattern completion.
Comment:

3m TF showing the 135 pattern after the ABCD down

t.me/OCEANAISIGNALS

Check out the free Telegram group for Trade set ups and Market Updates. Also one on one coaching now available. Message me for more info and a free 30min consult to see if my strategies work for you.
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.