SPX S&P 500, Short target 2648

Idea, everything start from small, looking at an ABC pattern drop.

Target last Low(2801), should be there next week.
Target A, this is the same distance it ran from last low:2801 to recent high:2892 about 91 pts. so, 2801 - 91 pts, is around 2710.
Target B, this is the same distance it ran from all time high:2954 to last low 2801 for about 153pts. so 2801 - 153 pts, is about 2648.

so, target range 2648-2710.

Kommentar:

I'm changing the target B , see chart
the idea behind this is using the close price as A body rather than using May 13's low

so target range is now 2671-2710

Trade ist aktiv:

first target of last low hits, next week, should see a breakdown.