Forex Trading Library
EUR
$1.06
(-0.24%)
GBP
$1.23
(-0.15%)
AUD
$0.69
(+0.25%)
JPY
$0.01
(-0.07%)
TRY
$0.06
(-1.9%)
INR
$0.01
(+0.28%)
SGD
$0.72
(-0.11%)
MYR
$0.23
(+0.03%)
JOD
$1.41
(-0%)
KWD
$3.26
(-0.01%)
SAR
$0.27
(+0.03%)
AED
$0.27
(-0%)
QAR
$0.27
(-0%)
OMR
$2.60
(-0.16%)
EGP
$0.05
(-0.19%)

SPX500 4118.37 To End Impulse

0 4,096

The current SPX500 structure suggests that a bullish cycle impulse is currently under development.

We now look ahead at the final cycle wave V which consists of five primary sub-waves.

The final actionary sub-wave ⑤, along with the intermediate impulse (5), is currently beginning.

With wave (5) rising, prices are likely to reach a height of 4118.37.

At that level, wave ⑤ will be at 76.4% of wave ③.

spx500

An alternative scenario shows the primary wave ⑤ is not yet complete, and the intermediate impulse wave (3) has recently ended.

Thus, in the next coming trading days, we can see a corrective decline in the price within the intermediate wave (4) to the 3695.27 area. At that level, wave (4) will be at 61.8% of impulse (3).

Then the above-mentioned uptrend will follow the intermediate wave (5).

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