With the weekly Stoch RSI in oversold territory, this is my favored SPX wave count. It would be invalidated should the SPX register a new all time high.
In a nutshell, 2 to 4 up weeks (or green bars if you prefer), and after that a test of the 8 years trend line.
This does not preclude a down opening next week, but we should finish the week with a gain.
In a nutshell, 2 to 4 up weeks (or green bars if you prefer), and after that a test of the 8 years trend line.
This does not preclude a down opening next week, but we should finish the week with a gain.