SPX; 5k to reach for wave iv) and v) of (5) to 5550?
Market Commentary:
1. Currently we are in the wave iv) of (5) and yet to complete that wave iv) as i shown here.
2. Wave iv) could be a irregular flat or a regular or it could be a triangle.
3. Once the wave iv) completes then we can expect the wave v) of (5) and that is the final wave for this bullish (5) wave structure.
4. So I am expecting it can reach above 5450-5550in ending diagonal or it could be a regular 5 waves structure. B4 that we can again see 5K for the wave iv) to end.