SPX500 two possible counts

Always think of possibilities. I plotted two possible counts. The grey one is my base case. It makes abc correction look complete and proportionate. However, the market is weak and prone to sudden moves. Another possibility is in pink. This implies that the market (SPX) will gap at the US open, reverse and will never look back. This will be a disaster for my heavy longs. If the price pushes beyond 2920 most likely we are in scenario one.

Yorum: