S&P 500 IndexShort
Expanded Flat - Wave C Beginning
SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C.
More likely this is the case should
DXY continue up to and above 112-115. See related chart linked below under related ideas.
Another possibility is a running flat correction where it turns back up near the 100% fib instead.
More likely this is the case should
DXY continue up to and above 112-115. See related chart linked below under related ideas.Another possibility is a running flat correction where it turns back up near the 100% fib instead.
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