S&P500 - One more push lower before relief rally ?
If this count is correct, we should see price go down one more time for the fifth wave of this bearish impulse wave.
We could see resistance around current levels if not slightly higher around 2620 were we find the 100EMA.
One more reason to like this count is the bearish divergence on RSI and MACD.
Beware, the count gets negated if we go above 2859 !
We could see resistance around current levels if not slightly higher around 2620 were we find the 100EMA.
One more reason to like this count is the bearish divergence on RSI and MACD.
Beware, the count gets negated if we go above 2859 !
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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