SPX more downside remains (Elliott Wave Analysis)

17 באוג׳ 2017

It seems that SPX is moving down in either a 1-2-3 impulse for the Wave A of a bigger correction or as Wave A) - B) - C) for a Zig Zag.
As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C).
In either case the Wave is not complete yet and hence expect more downside from here.
Target : 2414

I will update further as this market continues.

18 באוג׳ 2017

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18 באוג׳ 2017

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21 באוג׳ 2017

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Cross below Invalidation Line would mean that either we are in Wave (iv) as an Expanded Flat or that we are progressing in Wave (v).

21 באוג׳ 2017

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22 באוג׳ 2017

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23 באוג׳ 2017

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23 באוג׳ 2017

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