S&P 500 (SPX) Correction Pathway Potential: Worst Case Scenario
SUMMARY
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https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
As always very insightful count....am playin' it....Short term count, like?
1011SPYplayCapture.PNG
Yes and no. What I mean is that this is likely still wave 3 and it extends the most downwards. So, more downside to come before a pause.
Could argue this is the beginning of 4/(5)?
I think the 3 of 3 is still in progress and this is when price extends the most.
https://www.tradingview.com/chart/SPX/wtEnR1rk-SPX-500-BEAR-BEWARE/
what do you think Haejin? make sense?
I think the support is higher than your blue line, but overall yes. The second leg of the decline could be the worst case scenario.