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SPX: 15 min.: The current progression looks to be a Triangle formation with Wave (Y) of Wave C of the same still remaining to the upside.
Strategy: We look for longs from a short term perspective, target being the 1:1 level in the white resistance zone with SL below 2720.
The author or any person directly or indirectly associated with 50eyes.com does not hold any liability for any profit, loss or loss of profit made using the views presented. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or forex); therefore, you should not invest or risk money that you cannot afford to lose.
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