ElliottWaveBelgium

S&P500 - Resistance ahead ! Prepare for some sideways choppiness

OANDA:SPX500USD   S&P 500-index
I Believe we could have one more small push up to 3145-3158 before we enter red wave ((iv)) correction.

So, unless you are daytrading, I suggests you stay out of this for 1-2weeks until things clear up.


If we go below 3098, we can consider that red wave ((iii)) is in place and that we have started the wave ((iv)) correction.



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