Little more upside for SPX500USD

7 Des

Hi traders,

Last week SPX500USD did exactly what I've said in my outlook. I hope you made a good profit from it.
On Friday price came into the Daily FVG,rejected and went up again.
I think we could see a little more upside to the 1.272 fib extension of the previous impulsive wave but first some consolidation.

Next week we could see price go up some more after a consolidation (lower timeframe wave 4).

Trade idea: Wait for the (triangle?) correction down to finish. After that you could trade (short term) longs.

If you want to see more from my 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 trade signals.

Don't be emotional, just trade!

Eduwave