Fomenka

SPX500 two possible counts

Long
Fomenka Updated   
FX:SPX500   S&P 500 Index
Always think of possibilities. I plotted two possible counts. The grey one is my base case. It makes abc correction look complete and proportionate. However, the market is weak and prone to sudden moves. Another possibility is in pink. This implies that the market (SPX) will gap at the US open, reverse and will never look back. This will be a disaster for my heavy longs. If the price pushes beyond 2920 most likely we are in scenario one.
Comment:

🗨️ t.me/EnergeiaCharta

🌏 energeiacharta.com

⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist

🗃️ Extensive analysis archives

📏 Chartopedia, with examples of applying ElliottWave to real world charts
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.