S&P 500: 2970/2980 In View

Published 08/21/2019, 09:21 AM
Updated 07/09/2023, 06:31 AM
US500
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S&P 500 is currently picking up from the 2890 region, where we think corrective wave iv of a bigger wave C impulse found a base. If that is the case, then be prepared for a new high in the next couple of sessions; we have a projection target for a sub-wave v of C near the 2970/2980 area. However keep in mind that we are tracking the fifth wave of an impulse, which means bulls can be ready to slow down, and a temporary A-B-C move lower can follow.

S&P500, 30Min

S&p500, 30min

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