SP500 Bullish Correction to 3150 [Video]
|SP500 SPX Technical Analysis Elliott Wave 28 January 2020
Overview: Minor Wave 4 in progress towards 3150 area
S&P500 Elliott Wave: a) b) c) Corrective pattern as Minor Wave 4. The opening target for the retracement based on the 38.2% retracement of Wave 3 is 3153. That said its more important to simply count the wave strucutre as it unfolds. Wave fours can be simple but are normally complicated, such as triangles
Trading Levels: The SP500 failed to develop support on 3300 the top of Minor Group 1 (MG1)
SP500 Day Trading Strategy: Short
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