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Trend change

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Indeks S&P 500 (FX:SPX500)  
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Trend Analysis Chart Patterns Wave Analysis rsi_divergence
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trendanalysis chartpattern waveanalysis rsi_divergence
  • Maturing downside pressure
    divergence in RSI indicator
    Support zone
    Five wave fall structure
    Possible of a FLAT B wave
    Record-breaking jobless claims with a quick new law.

This is the reason to forecast a trend change to the upside. This is the V-shaped recovery hope correction, I suppose.
What would I like to see now? A failure swing low after to break the level of 2520 then the (v) of B wave will have found it's place at 2433. Maybe I will open a long. It depends on RR ratio. We will see. The Potential target is 2650, a triple top or more to the zone of 2800.

There is a considerable view which is represented by the purple ((c)) of B. So there will be a failure swing high then the S&P500 will be an early stage of a huge falling.
I hope I can help you with this analysis
Dagangan ditutup: sasaran tercapai:
I closed partly as this was my target.
My managed stop 2725 at the moment
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