S&P500 Elliott Wave Analysis - What goes up...

is about to complete a 5 wave sequence at key resistance levels. Expecting a rejection from red zone into the green one.

Note

Looks top-ish... Keep in mind that regardless of EW count (uptrend ending with a diag or expanded flat correction) the zone remains a resistance. Will be updating the EW as it develops.

Note

Note

Expecting a breakout next month and with oscillators at the highs, difficulty to break above the resistance and a potential 5wave move the bias is to the downside.

Entry above weekly high, target at .382 PB from the https://swings.https://www.tradingview.com/x/VPiNs1Xe/

Trade active

Trade closed: stop reached

Acel

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Acel

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