S&P 500 Approaching Strong Resistance (Updated on the 1hr)
..Looking at Impulse Elliot wave - as well as a Heavy resistance met in a descending channel on the Daily(Please refer to my earlier post).. I feel like we are nearing the end of a run and entering into a correction. I fully expect us to retest the high of wave 2. As you can see each impulse has been met with roughly a 7% gain. I would expect this last leg up to potentially acquire that aswell before correcting. Thick Aqua line is a heavy resistance in my opinion looking on the weekly and daily timeframe. (updated from previous post on the Daily. This is the 1HR). Best of trading everyone NFA.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.