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.

ELLIOTT WAVES

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





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