Currently, we see the SP500 turning into a corrective pattern soon. This should stretch out all the way between 4089 and 4069 points. Below 4123 points, this scenario would be confirmed. From there, we expect the SP500 to push for new ATHs above 4200 points. If the index manages to directly reach above 4201 points the 30% chance of directly expanding ATHs become the primary expectation.
Any suggestions for the next analysis?
Any suggestions for the next analysis?
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
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.