SP&500 update
The S&P 500 has two cases.
In the first case, after reaching the weekly supply zone, a weekly bearish pattern emerges and descends to the monthly demand zone. The upside here will be strong as the rebound creates a monthly bullish pattern.
The second pattern is that after reaching the weekly supply zone, the rise continues even if there is a retracement. Weekly uptrend of the weekly bullish pattern. In this case, if the trend turns upward or is corrected, there is a high possibility of a complex W-X-Y correction in which the A-B-C structure occurs three times.
In the first case, after reaching the weekly supply zone, a weekly bearish pattern emerges and descends to the monthly demand zone. The upside here will be strong as the rebound creates a monthly bullish pattern.
The second pattern is that after reaching the weekly supply zone, the rise continues even if there is a retracement. Weekly uptrend of the weekly bullish pattern. In this case, if the trend turns upward or is corrected, there is a high possibility of a complex W-X-Y correction in which the A-B-C structure occurs three times.
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