S&P500 in “a-b-c” correction
The US S&P500 Index could have completed a wave “a-b-c” correction after the Index reached 1,812pts three months back.
If that is the case, the S&P500 must not break below the 1,812pts low when the next correction kicks in.
The S&P500’s rally has been strong over the past few weeks and is currently testing its resistance trendline.
Source: CIMB