04/03 US Markets Weekly Update

A Lookback

The price stands roughly where it was a week ago, however, the case with the symmetrical triangle is void and we are in a slightly different scenario.

SP500, 4hour

https://www.tradingview.com/chart/SPX500/Y7uGHUeG-SP500-Update/

This Week

The count remains largely unchanged (the big picture intact) while wave X is changed from a triangle to a WXY double zigzag pattern. Wave x (circled) within it is complex and travelling beyond the start of W.

SP500, 4hour