Recent Downtrend in $SPX as an A-wave or a completed Zigzag?
If there were only 3 waves, then the recent downtrend completed all three waves (ABC), and the March low is the end of the C-Wave. If the recent downtrend was an A-Wave of a broader correction, then there must be 5 subwaves (1,2,3,4,5). In both cases, now we're looking for an impulse up (1 wave or a B wave, respectively).
I’m still in the bear market camp, so I think we're in the B-wave now. Typical retracements for a B-Wave are 50-79% of the A-Wave. The A-Wave started at 3393 and ended at 2191 for a total move of 1202 points, so targets for the B-wave fall between:
50% = 601 = 2792
79% = 949.5 = 3140
SPX
I’m still in the bear market camp, so I think we're in the B-wave now. Typical retracements for a B-Wave are 50-79% of the A-Wave. The A-Wave started at 3393 and ended at 2191 for a total move of 1202 points, so targets for the B-wave fall between:
50% = 601 = 2792
79% = 949.5 = 3140
SPX
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.