SPX - Update on the S&P500 last move
Hello traders,
Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...!
I show you in the analysis below how I approach the last move with the Elliott Waves analysis
Wave green (b) retracement on (a)
Wave orange C extension
Wave white 3 extension
Wave white 5 extension
Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...!
I show you in the analysis below how I approach the last move with the Elliott Waves analysis
Wave green (b) retracement on (a)
Wave orange C extension
Wave white 3 extension
Wave white 5 extension
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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.
Related publications
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.