After falls at the beginning of the year, S&P 500 tested the huge support at 1800 and completed a double bottom figure which target has just been achieved.
Gonzalo Melendi
- S&P 500 has arrived at the downtrend line that is active for almost 1 year.
- RSI breaking trends and showing triple down divergences.
- Price has just completed 5 impulsive Elliot waves, so now it's time for corrections.
- Ratio Profit/Risk more than 2!
Gonzalo Melendi