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S&P 500 »Triangle« Final Push Before Reversal?!Top ↑  Elliott Wave Service Twitter Facebook Subscribe to our newsletter Sep 30 2010 An impulsive upward move from 1039 region is still unfinished, especially now when a triangle in seems to be the best idea. Keep in mind that all triangles occur in the position prior to the final actionary wave in the pattern of one larger degree. As such, a break above 1149 should be seen, which will put 1155-58 target in play, where wave (C) distance is equal to wave (A), shown on our daily chart (members only) . Once these upside levels are reached, a downside reversal will be expected. S&P500 1h chart:  Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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