Is Risk-On Back? AUD/JPY Vs Stocks

S&P 500 moved into some interesting support last week, with very slow price action and overlapping wave structure that gives us an idea for a potential ending diagonal in wave C or maybe even a leading diagonal in wave A from the highs, but both counts suggested a recovery. So far we have seen a turn-up, and even more, gains will be expected this week towards 3400 while the index is trading above 3250 level.

S&P 500, 4h

Check the video below for my recent view.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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