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SPX500USD: Bullish 5-0 at 0.618 Retrace

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Índice S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Índice S&P 500
Harmonic Patterns Chart Patterns Wave Analysis Bullish 5-0 broadeningtop SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY)
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harmonicpatterns chartpattern waveanalysis bullish5-0 broadeningtop spx spy
The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
Trade fechado: objetivo atingido:
1.272 hit, I'm taking profit and waiting for further developments after the FOMC before considering repositioning or even MAYBE trading it the other way.
Aviso legal

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