Alpha Global Indices – S&P500 flat correction

S&P500.60MIN A MAJOR FLAT CORRECTION COULD BE HAPPENING
In this case, prices would drop to 1,280 or 1,240 before resuming the uptrend. Of course, there is a bullish alternate that implies prices moving straight away to 1,415. But that needs a clear move back above 1,340.

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Coverage Global: Dow 30 components, Global Indices, ETF SPDRS, Commodities
Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and cleared CMT level 1 exam. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.