ElliottWaveBelgium

S&P500 - Bulls still not out of the woods ...

FOREXCOM:SPX500   S&P 500 Index
S&P500 - Despite the optimism we're seeing in the markets today, I wouldn't go on a buying spree right away.

Many setups have been popping up but I still believe we're in a bad phase right now and there is a high chance for markets to sell off and make new lows.

What the catalyst might be, I don't know... Maybe Trump will not acknowledge the results ? Who knows

What I do know is that it's possible we're in a Flat correction here (or next leg of a sideways Triangle) therefore be particularly careful because the potential sell off could be very sharp!


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