S&P 500 Index

SPX Daily Harmonic Elliott Wave Analysis

126
Overview: let's review the expectations on the previous update:
  • We got the decisive breakdown through the trendline on the hourly chart to get our confirmation.
  • The structure is developing beautifully in a channel and we are in wave 5 of c of (I).

snapshot

Update: not much to add to the count. As expected, we completed wave (I) and now we are inside wave (II) of c of Z, developing as a zigzag.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.