SP500 Index Is Turning Into A Deeper Correction
Jan 28 2020
Good day traders,
S&P500 started dropping from the 3340 level, where sub-wave 5) of a higher degree wave 3 had found a top. This drop can now represent part of a three-wave corrective move into a wave 4, which can look for support/bullish turn near the 3181/3070 region. That being said, a breach below the lower Elliott wave channel line will confirm a wave 4 correction to be underway.
If you want to be on track with our analysis and outlook in the future, make sure to consider a 7-Day trial at ew-forecast.com.
The EW-Forecast team.
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2018 ew-forecast.comDesign: VOBI