The S&P 500 Materials index set out an impulse move(1) in October last year and completed the up move move by Jan 2023.
The index thereon was in a corrective phase throughout most of the current year until recent oct. low.
The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the underperformance of this sector throughout 2023.
The projected wave 3 target for the index should be(min.) close to 600 zone(20% from current levels).
Note*- This is not a buy/sell advice. The chart is for educational purpose only.
The index thereon was in a corrective phase throughout most of the current year until recent oct. low.
The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the underperformance of this sector throughout 2023.
The projected wave 3 target for the index should be(min.) close to 600 zone(20% from current levels).
Note*- This is not a buy/sell advice. The chart is for educational purpose only.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。