elp

SPX EW Count

SP:SPX   S&P 500 인덱스
Here is an EW count that indicates there is not much room to the upside. If there is one more rally to new highs it could be W5 of an ending diagonal of a 5th wave extension, or W5 truncated at March highs. If this count is correct, W4 could be rather quick. Having alternation with W2, where W2 was a sideways, time consuming running flat correction. W4 could be a sharp correction making a simple ABC down to the 1750/30 level. I could be 100% wrong with this count and price keeps ripping to new highs.
Link to Bulkowski on running flats, 5th wave extensions and ending diagonals.
thepatternsite.com/EWRunning.html
thepatternsite.com/EWExtension5.html
www.thepatternsite.c.../EWDiagTriangle.html
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.