2019-01-02

SP500

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
SP500  POSSESS A BEARISH 5-0 STRUCTURE , THE BC LEG DCLINE TO AT LEAST 2280, BUT IT DOS NOT EXCEED 2000, SO THE THE TIGHT RANGE OF 2000-2280 IS A DEFINING ELEMENT OF THE STRUCTURE, THEN PRICE ACTION SUPPOSED TO REVERSAL FROM THAT ZONE , TO THE 50% RETRACEMENT WHICH IS MEASURED FROM THE B POINT TO THE C POINT, AFTER THAT THE EVENTUAL REVERSAL FOLLOWING THE TEST  OF THE 50% LEVEL(NOTICE, THE PATTERN IS BEARISH