CoinedByCrypto

SPX still in an ED (Ending Diagional) Update!

SP:SPX   Indeks S&P500
3
5th wave can fail to reach the 3rd wave peak - in the SPX case 1730.

A failure to break above 1730 now that the SP-500 has reached 1721ish will likely send the SP-500 price falling rapidly back down toward were the ending diagonal began at 1560.

The maximum ED target for completion is at 1749. To the up-side a move above 1749 would invalidate the ED count.
To the down-side watch for a move below the SP-500 50-day SMA (1679) to signal that the ED is complete.

As always.... time will show!

Safe trading Gents!
BM

Music at work: www.youtube.com/watch?v=DeumyOzK...

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