If $.SPX(.SPX)$ remains below 5862, it should be able to at least trade under 5762, if not 5700 for the Wave B pullback.
Price is quite choppy, so if I am wrong in the immediate term, we simply trade directly higher for the final (!) C-Wave of the ultimate [W5] of Wave 5 rally.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$
I just predicted:
SPX is expected to continue to sell this week after it produced a bearish WXY model at Friday's 5862 high.
Look for price to decline to at least 5762, but ultimately 5700-5650 for the B-Wave pullback.
If that occurs, this B-Wave pullback should be bought for the final (!) leg up of Wave C of [W5] of Wave 5!
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