S&P 500 Intraday View

Stocks broke to new highs during the Asian session after a triangle formed on the E-mini S&P 500 in the fourth wave.

Good morning traders.

Stocks broke to a new high during Asian session after a triangle formation on E-mini S&P 500 in the fourth wave. As such, this is now a final piece up of an impulsive advance from February low, which means that upside can be limited this week. We know that a new reversal lower should occur in three waves, possibly from around 2360.

S&P 500, 1H

 

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