SPX500USD: Possible Developments Of The S&P500 Index

From the previous analysis, S&P500 corrected 50% of the "Harmonic Pattern"
Price resumed the direction of the major bullish trend up to 4818 with some ups and downs.
Price faced strong resistance close to 4818.
In the last 3 days price corrected down -3.19% of the movement.
A minor trend if found near 4677 (where it is now) that can push the price higher again up to 4868
If the price keeps moving down strong support will be found near 4600 as it will complete the wave for the bigger corrective pattern.
From 4600 we can expect a bounce higher again up to 4900

Thank you and Good Luck!

Kommentera:

Are you ready for the bullish movement?