Friday 19 March 2021

S&P 500 ready to sink?

 Hi Traders,

The S&P500 (now at 3920) ha completed the whole set of Elliott waves up and seems to be ready for a big dive to 3400.


The weekly chart reveals that It's topping. It could be the top of wave 3 (in blue).

The daily chart shows the reverse candlestick (runaway pattern ) at 553 and the likely target at 3391.6.

The 4-hours and the 1-hour charts display the reverse pattern at 55.

Weekly chart. Click to enlarge

Daily chart. Click to enlarge

4-hours chart. Click to enlarge

1-hour chart. Click to enlarge

No comments:

Post a Comment

Hi Traders. Tell me if you agree or (politely) disagree.

Note: only a member of this blog may post a comment.