SPX-Looking for the next resistance 4300...!!!
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Market Commentary;
1. The wave "b" seems completed as a running flat as i shown here.
2. Now i am looking for the next resistance zone i marked @ 4300.
3. Whether it will reach in 5 waves as a C or it could be in diagonal formation too.
4. lacing a STOP is a CRUCIAL...because if you place below the recent low it will hit and then it will become a expanded flat and then it may bounce...
5. If you the EW theory and how to place a STOP according to the wave formation, you can place according to that. Now i cant explain here.
6. Invalidation is the low it made 3490 is the only zone.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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