SPX
has aggressively sold off lately but appears only to be in wave iii of (iii). This implies more downside to come and rallies would be temporary.
SPX likely finds some relief after reaching $3500.
The trend appears firmly planted to the downside.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress