NEO WAVE-extracting triangle in S&P500A clear case of terminal pattern (EXTRACTING TRIANGLE) formed in S&P500 INDEX.
Weekly Neo wave price chart is very easy to understand ,and it may look like text book pattern.
Bigger Trends will consume more time and consolidation before Next trend change.
5 waves (ABCDE) completed with a negative bias , a retest of neckline is inevitable before next trend or change in trend
