SPX
Is this a Dead Cat Bounce?
I see confluence with the 50 DMA and the Golden Pocket fib levels.
We are in a downward trend.
My Elliot Wave count suggests an ABC correction is almost complete for Wave 4
Let's see if we can get a move higher into the swing fib levels highlighted by the green box before making new swing lows.
Trade geschlossen: Ziel wurde erreicht