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S&P500 Index Analyze (Similar movements, 11/07/2022)!!!⚖️

שורט
SP:SPX   מדד S&P 500
We better start this post by reviewing the previous posts I published about the S&P500.

As you can see in the 2 weeks time frame, it seems that the S&P500 index has completed a complete cycle and is in the main corrective waves.👇


As I expected, the first major corrective wave A is forming an Expanding Leading Diagonal.👇


Currently, the S&P500 is moving in microwave 5 of the main wave A and seems to be able to create a movement similar to the one in microwave 3.

S&P500 Index Analyze Timeframe 4H (Log Scale)⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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