ElliottWaveBelgium

S&P500 - FED Rate cut will take this higher ! Great R/R !

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OANDA:SPX500USD   S&P 500指數
S&P500 - Looks like we could go higher here but we first neeed to go above 3050.
Next levels of interest are 3060 and 3080 as termination point of pink wave 5 of orange wave iii.

This view is also encouraged by the FED rate cut coming up in 1hour as lower rates are bullish for stocks.


Bigger picture :
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Pink wave 5 is in. Now making orange wave 4.
Invalidation is now at 3000 for the orange count.

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