1 minute ago
SPX has been in a sell-off in the last few weeks as we know no trend lasts forever or rather market moves in waves it does move straight up or down. I think the downtrend is now ending and we gonna start seeing price climb to the upside as motive waves. The downtrend was in a correction phase specifically a Double Zig-Zag pattern I think the price now will soon start to rally. Wave (W) and (Y) ARE NOW EQUAL WHICH ALLOWS US TO CONSIDER THE BULLISH MARKET.
SPX has been in a sell-off in the last few weeks as we know no trend lasts forever or rather market moves in waves it does move straight up or down. I think the downtrend is now ending and we gonna start seeing price climb to the upside as motive waves. The downtrend was in a correction phase specifically a Double Zig-Zag pattern I think the price now will soon start to rally. Wave (W) and (Y) ARE NOW EQUAL WHICH ALLOWS US TO CONSIDER THE BULLISH MARKET.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.