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S&P 500 Index
Long

SPX500 - One more rally before sell off.

By L_F
Updated
SPX is rallying from the low which completed the ABCD down.
Now im looking for one more rally into 4230-4250 before we get another correction down followed by another rally into 4400-4450.
For this to be correct we need the completion of the 5 waves up, then that will be the start of either a move to all time highs or the start of an ABCD correction to set off the next major sell signal which could see us heading down into the low 3000s.

But for now just following this rally to see where we go next.

If time and price is right the rally should stop around June 22.

Exciting times ahead. 👍👍
Note
snapshot

Smaller TF showing the ABCD pattern completion.
Note
snapshot

3m TF showing the 135 pattern after the ABCD down
AB=CDChart PatternsdaytradingelliottwaveprojectionHarmonic PatternsoceanaiS&P 500 (SPX500)spxanalysistimeandpriceTrend Analysis
L_F
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