As per the current count it looks like we are in last leg up of the complex correction for the completion of Wave .Y (Yellow) once the same is done which should be confirmed by a break of the Pink channel to the downside we can see a huge leg down which can take SPX to the 2530 levels or even lower.
Bearish sign : Break of channel to downside.
Expected targets : 2530 and lower.
Stop loss : Swing High once the same is formed.
Bearish sign : Break of channel to downside.
Expected targets : 2530 and lower.
Stop loss : Swing High once the same is formed.
Note
Hypo 1 : Continuation of Bearish Scenario : Note
Hypo 2 : Bullish Scenario : Note
Hypo 3 : Bullish Scenario : Note
Bullish scenarios will get Invalidated below 2674.
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Author : Think with the Markets
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Author : Think with the Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.