The ending diagonal has formed. If you check RSI you will see a double daily and fresh WEEKLY divergence. It will crash hard next week. 6480 is the first target, but it can be just a bounce area. 1.618 level from low to top of the diagonal is at 6400 level on SPX and at 6300 level on US500 - I think we can get a flash-crash into this area next week. And if this is a reversal, it can trend down to February peak and lower according to fibs.
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Divergences
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Maybe it's still wave 3, so I have published an idea on Nasdaq which suggests it can take a little more time. So if it goes above 6814 the ending diagonal won't be invalidated.
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Still think it's an ending diagonal. But the target is higher now (6650 area).
Trade fechado manualmente
6650 reached. Can still go a little bit lower, but if my expanding ending diagonal idea is correct, the next wave up will be bigger than previous one and will take more than a month.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.