S&P 500

Posted by ForexAnalytix on Sep 19, 2017 7:58:01 AM
On the E-mini S&P500 we are tracking a complex upward move within wave five, final leg of an expanding diagonal as shown on a daily chart. We can see that price made a new sharp reaction higher which is now a confirmation that wave c of Y is in progress. Ideally current rally will search for a top near the 2500 region.If price will remains in sharp bullish mode and break above 2500 then market may be headed up to 2540 area per our COUNT #2.

Topics: Trading, index, s&p500