SPX500 2H, EW - UPDATED

THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.

Updated because of rally after FOMC meeting.

2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)

W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)

Y is expected to be an ABC or WXY targeting marked area.

Also bigger cycle 12345's IV point target matches with target for Y

Komentar:

2740 ma(200)-daily which is the upper limit for X, is the first resistance level.
Expect to validate position of X at this resistance.