SPX Daily Harmonic Elliott Wave Analysis
Overview: let's review the expectations on the update of yesterday:
Update: we are in wave c of (I) of c of Z. A decisive breakdown through the ascending trendline on the hourly chart is a strong piece of confirmation.
- We have completed a triple zigzag in wave b.
- This count can turn into an impulsive wave with equal probability and validity, meaning the bottom is in.
- The broadening triangle on NDQ is a very bearish formation
Update: we are in wave c of (I) of c of Z. A decisive breakdown through the ascending trendline on the hourly chart is a strong piece of confirmation.
