SPX Roadmap 2022
Updated
ES Futures continues to make a push higher through October.
Currently, I see a Primary WXY count subwave (w) taking place at the moment. I expect either a topping pattern, or direct to (x) prior to revisiting the top of the downward trendline going into the end of November/Mid-December (Santa Rally?)
Furthermore, I do expect to revisit and takeout prior swing lows to complete the Major Y.
Targets below:
Gray Box = Major Fib WXY
Red Box = Minor Fib (w)(x)(y)
Currently, I see a Primary WXY count subwave (w) taking place at the moment. I expect either a topping pattern, or direct to (x) prior to revisiting the top of the downward trendline going into the end of November/Mid-December (Santa Rally?)
Furthermore, I do expect to revisit and takeout prior swing lows to complete the Major Y.
Targets below:
Gray Box = Major Fib WXY
Red Box = Minor Fib (w)(x)(y)
Note
ES continues its choppy wave upward toward 4000. Will look for positions around this topping area, along with indicator divergence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.