Bearish case for US500/SPX:
I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat.
Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.
I see two impulse waves (red ellipses) and two corrective waves (green ellipses). The second green ellipse looks like a regular flat.
Key pivots marked in white. I would say that as long as price remains below 5587.7, preference is to be short.
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