SPX is in a small time correction phase.
Is the correction ended ?
May not be, for it to prove correction has ended, price should show break out above current short term range.,
What are possibilities ?
a) Price does a break out of current range and flows blue line to ~6800 target
b) Price carries out ABC (RED ABC as marked) and bottom out around ~6200, then rise in impulse to hit a target of ~6800.
When ?
The view is time agnostic, so it may take weeks to months time.
Is the correction ended ?
May not be, for it to prove correction has ended, price should show break out above current short term range.,
What are possibilities ?
a) Price does a break out of current range and flows blue line to ~6800 target
b) Price carries out ABC (RED ABC as marked) and bottom out around ~6200, then rise in impulse to hit a target of ~6800.
When ?
The view is time agnostic, so it may take weeks to months time.
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.
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.