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singh17vivek

the Index at a crucial resistance

S&P 500 Index (SP:SPX)  
singh17vivek Updated   
SP:SPX   S&P 500 Index
Trend Analysis Wave Analysis
11
1
trendanalysis waveanalysis
The rally has brought the Index to a crucial resistance. In my view the index should resume its downtrend from here.
Comment:
the Index has rallied post the Fed outcome. According to Elliott this the ii wave rally that means it will not surpass the previous rally high of 4393. So in my view are round about near a strong resistance. Now we need reversal signal from our oscillators.
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