Bearish call for SP 2350

by | Dec 21, 2020 | free | 0 comments

Bearish call for SP 2350

The case for SP 2350 #sp

I believe there is no way to argue the recent price behavior to be corrective to the upside which supports the case for a fifth wave diagonal triangle top.

The monthly RSI divergence is part of the scary scenario for a dramatic fourth wave correction. The fourth wave of smaller degree is fairly close to the bottom of the up channel as well as a 38% retracement. If 2350 is coming it is likely to happen in the next few months…

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