Hellena | SPX500 (4H): SHORT to 38.2% Fibo area of 6900 .US SPX 500OANDA:SPX500USDHellena_TradeLast week, the price continued its upward trend, indicating an extension of the intermediate-term Wave 1. I still believe we should expect a corrective move in Wave 2. In light of this, I suggest looking at the 6900 level as a target. This is the 38.2% Fibonacci level. The price may reach slightly higher levels in wave “1,” but I would not recommend buying or taking long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!