CORRECTION begins already but it is not significant..
BEFORE it gets worse take your breath..
YES ,you may not see any more TOPS.. short near 4170 on MAY 21st SL 4200
I guess that you understand what next..
GET IN to RIGHT SIDE till MAY END for 300 points
4060 is the key level to reach by S&P500 futures to decide its further bull run.
REASON ; c5=c1+c3
LOGIC; B wave over extention limit is 4060
CONFIRMATION ; next week monday selling from this leveLl
NEAR TERM BEARISH as (4b) recovery completed and next (4c) will begin DOWN to 3720 next week
NEO WAVE ANALYST
I explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave...
S&P 500 (ES1) is exhuasted with all fuel burnt. Now , This index will test its final push of 4050/4000 next week.(march last week)
After CORONA fall ,wave(A) , this entire recovery wave termed as wave(B) which gone beyond the start of wave(A). (irregular FLAT correction)
The next one will DISTRIBUTION WAVE called wave (C). which has 5 legs down and 3 legs up(...
We have a Trading range in the S&P
Sell Signal for my prediction
My Target : 3806.25
Stop loss and take profit on the chart
If you have any questions related to my prediction, leave it in the comment section
#s&p500 #tradingfuture #future #trend #election
The #S&P500 is evolving above the prices of January. The recovery done what is next.
We have identified all channels of potential moves.
The middle bleu line being the probable center of the movement initiated during this recovery.
The red line on the top is a #strongresistance difficult to break and we have seen...
It's never easy to predict anything in the market. All we can do is look at the current events, information and make educated guesses and anticipate the move higher or lower. That is exactly what is done here!
We are in a "pullback" area where the market is in a correction move right now where the S&P 500 (the economic index) is down about 7% from its all-time...