US500 in a Possible Bullish ABC Wave

US500 in a Possible Bullish ABC Wave

Since January 6th, the price has decreased by nearly 2.45%, from 6018 to 5871. This decline formed a 5-wave movement. It appears the bottom was completed at 5871, and the price may now start forming the C wave of the ABC pattern.

If everything proceeds as expected, US500 should develop as shown in the chart, with resistance areas found near 5927, 5962, and 5994.

You may find more details in the chart!
Thank you and Good Luck!

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