SPX CMP 6339
Elliott- the 5th wave is done now. I have also sub-divided v of 5 in its own 5 waves with a star on the left chart.
Fib Ext - the 5th wave has halted at 1.382 where we also have a trendline resistance.
RSI - the oscillator has again reached the bear zone. Hence now the oscillation will be within the bear zone and this is danger.
Conclusion - the entire process may take some time as the Index has just started to turn down. But one thing for sure the TOP is made. Corrections target the iv wave of 3 hence to me this correction will not get over before 5K which is a good 20% from here.
Elliott- the 5th wave is done now. I have also sub-divided v of 5 in its own 5 waves with a star on the left chart.
Fib Ext - the 5th wave has halted at 1.382 where we also have a trendline resistance.
RSI - the oscillator has again reached the bear zone. Hence now the oscillation will be within the bear zone and this is danger.
Conclusion - the entire process may take some time as the Index has just started to turn down. But one thing for sure the TOP is made. Corrections target the iv wave of 3 hence to me this correction will not get over before 5K which is a good 20% from here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.