Previously I have suggested that SPX is following a pattern sugesting that from the ATH
A leading diagonal is forming.
This chart places labels on this idea with SPX currently in the final stages of the a,b,c
Forming wave 2.
Wave 2 is fast approaching the long term channel resistance on weakening momentum.
I know I am one of the minority on this site forecasting a short may be soon prudent !
Good Luck.
A leading diagonal is forming.
This chart places labels on this idea with SPX currently in the final stages of the a,b,c
Forming wave 2.
Wave 2 is fast approaching the long term channel resistance on weakening momentum.
I know I am one of the minority on this site forecasting a short may be soon prudent !
Good Luck.