AI
Current Elliott Waves - spx is taking a long time to do the correction, so I revisited the count to align it with the latest developments. It seems that spx completed green wave 3 in January at 3338. From there, it started green wave 4 down, which I expect to be a flat (3-3-5). So far, spx did legs A, B and started leg C down.
As I said last week, my daily indicators pointed to down, while the hourly ones kept pointing up. That's rare, and it resolved by changing the expected ABC zig-zag to a ABC flat.
The flat will be invalidated if spx makes a new high before it does the leg C down.
As I said last week, my daily indicators pointed to down, while the hourly ones kept pointing up. That's rare, and it resolved by changing the expected ABC zig-zag to a ABC flat.
The flat will be invalidated if spx makes a new high before it does the leg C down.
