S&P 500 hitting that resistance level i talked about the other day ($278-$285 level). Hopefully we bust through but i am looking at a short term reversal soon. This has been a prior resistance and then support level since early 2018.
I had the same wave count...that should complete the ABC correction right?
BrianPenrod
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@tuckb4, I'm no expert but this could develop into an ABC correction as, in my opinion based on the higher time frames, this could also be considered a leading diagonal ...hopefully it blows through this resistance level and we get out of this crap!! Good trades and good luck out there!!!
hindraftv
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where do you think the reversal will get it to?
BrianPenrod
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@hindraftv, i hope i am wrong but i think around $250... just short term unless this virus takes a bad swing...but hopefully it blows through this...just tightening some stops right now and prepping!!! You know the typical "what" and then "if" scenarios