Up for SPX500 USD

17 Agu

Hi traders,

SPX500USD played out exactly like I've said in my outlook before my holiday.
After it finished the bigger correction up into the gap it dropped very fast into the predicted area. It swept the weekly liquidity and went up again for the next impulse leg last week.

Now for next week we could see a small correction down and more upside.

Trade idea: Wait for a correction down to finish. After a change in orderflow to bullish and a small correction down on a lower timeframe you could trade longs.

If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

Don't be emotional, just trade!

Eduwave