Mon, Oct 18, 2021 @ 04:22 GMT
HomeContributorsTechnical AnalysisElliott Wave Analysis: S&P 500 Seen In Fifth Wave

Elliott Wave Analysis: S&P 500 Seen In Fifth Wave

SP500 is trading nicely bullish as expected with an extensions well above 4k that is seen as an impulse because of no overlaps. We are tracking a five-wave rise away from 3852; move that can come to an end this month as we see price now trading in wave 5; final leg of an impulse that has Fibo projection near 4200, so be aware of a slow-down. Drop below the trendline support will suggest that new corrective set-back is here.

Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading