SPX 500 - Running flat or Expanding Flat in the making

SPX 500 is currently correcting, since we broke the top there can only be 2 possibilities for this correction - either a running flat or expanding flat depending on whether C wave breaks the A wave low or not.

Short the breakout for nice short setup SPX. Expect this move to be swift very similar to one we got towards the beginning of the yr.

Kommentar:

Pushed up slightly higher. The upside is very limited, diveregences have been building for a while. Keep an eye on the break down for a short.

Kommentar:

Easy short. Got a break out and nice consolidation for short on SPX

Kommentar:

Aggressive move like expected. I don't believe this is the stock market "crash" is the beginning of bear market. I expect new highs to made after the completion of the corrective structure

Kommentar:

SPX watch out for this corretion and another leg down before reversal.