As mentioned previously, this is my theory as of what is to come for the SPX.
The fractal is from 2001-2003 as a similar bull trap had played out in the disguise of a "W" recovery or Inverse Head & Shoulders - whatever you wish to call it.
I have also included the alternative, which invalidates the expanding flat corrective wave as per Elliott Wave Theory - closing above $4328.
FED meeting next week will set the tone for what is to come for the market along with yet another rate hike.
We also have several other giants who have yet to report earnings in the following few weeks.
Trade safe out there!
For reference: elliottwave-forecast.com/elliott-wave-theory/
The fractal is from 2001-2003 as a similar bull trap had played out in the disguise of a "W" recovery or Inverse Head & Shoulders - whatever you wish to call it.
I have also included the alternative, which invalidates the expanding flat corrective wave as per Elliott Wave Theory - closing above $4328.
FED meeting next week will set the tone for what is to come for the market along with yet another rate hike.
We also have several other giants who have yet to report earnings in the following few weeks.
Trade safe out there!
For reference: elliottwave-forecast.com/elliott-wave-theory/
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