FXStreet
In our previous update from July 31 we anticipated for the SP500 (SPX), based on the Elliott Wave (EW) Principle, that “… now that the $6380-6460 zone has been reached, and since price is the ultimate judge—though timing can sometimes help—the index is in a range where a pullback is more likely to start.” The index reached a high of 6427 on the same day and dropped to as low as 6212 the next day…
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Fibonacci suggests 6560 is the next upside target for the SP500
Johnathon Klemp
20:19
In our previous update from July 31 we anticipated for the SP500 (SPX), based on the Elliott Wave (EW) Principle, that “… now that the $6380-6460 zone has been reached, and since price is the ultimate judge—though timing can sometimes help—the index is in a range where a pullback is more likely to start.” The
