SP500 Has An Unfinished A-B-C Structure; Elliott Wave Analysis

SP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as price action down from 4600 can be ongoing impulse; ideally sub wave 3 of (C) now, so more weakness for wave 5 of (C) is probable to 4300 after a wave 4 pullback that can retest 4400 resistance area.
Bearish PatternsChart PatternscorrectionelliottwaveprojectionS&P 500 E-Mini FuturesSPX (S&P 500 Index)S&P 500 (SPX500)StockssupportTechnical AnalysisTrend AnalysisWave Analysis

👉Premium Services:

wavetraders.com/elliott-wave-plans/

Learn Elliott Waves
👉 wavetraders.com/academy/

Newsletter Sign up
👉 bit.ly/3FVPVzO
Also on:

Related publications

Disclaimer