SPX - Update on the S&P500 last move
Hello traders,
Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...!
I show you in the analysis below how I approach the last move with the Elliott Waves analysis
Wave green (b) retracement on (a)
Wave orange C extension
Wave white 3 extension
Wave white 5 extension
Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...!
I show you in the analysis below how I approach the last move with the Elliott Waves analysis
Wave green (b) retracement on (a)
Wave orange C extension
Wave white 3 extension
Wave white 5 extension
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