S&P 500 MaterialsViés de alta
Wave 3 in S&P500 materials index
The S&P 500 Materials index set out an impulse move(1) in October last year and completed the up move move by Jan 2023.
The index thereon was in a corrective phase throughout most of the current year until recent oct. low.
The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the underperformance of this sector throughout 2023.
The projected wave 3 target for the index should be(min.) close to 600 zone(20% from current levels).
Note*- This is not a buy/sell advice. The chart is for educational purpose only.
The index thereon was in a corrective phase throughout most of the current year until recent oct. low.
The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the underperformance of this sector throughout 2023.
The projected wave 3 target for the index should be(min.) close to 600 zone(20% from current levels).
Note*- This is not a buy/sell advice. The chart is for educational purpose only.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.