Analysis

SP500 Technical Analysis Elliott Wave 22 March 2019

SP500  technical analysis Elliott wave and Trading Levels

Elliott Wave: Wave ii) completed and Wave iii) of  5 of (3) in progress

TradingLevels
: Minor Level mTL8|2800 is the tested support. The next smaller degree is the Sub Levels so 2850 needs to become the support with the next resistance at Sub Group2 (SG2 65|72|80) (2865|2872|2880) if 2872 becomes the support then the market will move higher to 2900

Trading Strategy
: While the stays above 2830 then its long trades

Peter Mathers 
tradinglounge.com


 

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