{"id":167177,"date":"2020-03-23T13:15:29","date_gmt":"2020-03-23T17:15:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167177"},"modified":"2020-03-23T10:06:49","modified_gmt":"2020-03-23T14:06:49","slug":"spx500-1753-0-likely-to-complete-major-bearish-impulse","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/spx500-1753-0-likely-to-complete-major-bearish-impulse\/","title":{"rendered":"SPX500: 1753.0 Likely To Complete Major Bearish Impulse"},"content":{"rendered":"
March 23, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The medium-term SPX structure hints that a new large bearish trend is forming in the market, the initial part of which takes the form of a 5-wave impulse consisting of primary sub-waves \u2460-\u2461-\u2462-\u2463-\u2464.<\/p>\n

Most likely, the first four parts of this pattern were fully completed.<\/p>\n

At the time of writing, the formation of the impulse \u2464, in which the intermediate wave (1) was built, has already begun.<\/p>\n

In the near future, a small corrective growth in wave (2) is possible, after which the market will continue to move down in the intermediate sub-waves (3)-(4)-(5).<\/p>\n

It is possible that the bears will have enough gas in the tank to reach 1753.0, since this target would respect the tenancy of impulse \u2462 and \u2464 being equal.<\/p>

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If we consider an alternative scenario, we will see that the bearish impulse a of a cycle degree may have been fully completed, and the market has already started to form a bullish correction b.<\/p>\n

If the market moves in this scenario, we will see an active growth of the market over the next trading days.<\/p>\n

Bulls can rise to 2932.5, this target takes into account the fact that at the specified level, corrective wave b will be at the 61.8% along the Fibonacci lines of bearish impulse a of a cycle degree .<\/p>\n

It is preferable to add this pair on our watchlist!<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The medium-term SPX structure hints that a new large bearish trend is forming in the market, the initial part of which takes the form of a 5-wave impulse consisting of primary sub-waves \u2460-\u2461-\u2462-\u2463-\u2464. Most likely, the first four parts of this pattern were fully completed. At the time of writing, the formation of […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167177","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167177"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167177\/revisions"}],"predecessor-version":[{"id":167201,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167177\/revisions\/167201"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}