S&P500 Technical Analysis Elliott Wave and Trading Levels.
This video also covers Nasdaq (NDX) and Amazon (AMZN)
SP500 Analysis Elliott Wave: iv of (v) of i)


Trading Levels: Minor Level mTL8|2,800 as support or resistance creates the market direction


Trading Strategy: Long above 2810, adding to the positions in 2813 as the tested support with the target at 2830.
Short trades require 2800 as the retested resistance.

 

 

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD confined to a 20 pips' range

The EUR/USD pair spent Monday trading within a well-limited 20 pips' range, unable to attract speculative interest. Trade tensions and the absence of relevant data limit volatility even further.

EUR/USD News

GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as her successors are waiting for her resignation.

GBP/USD News

USD/JPY rebounds to 110 as Wall Street starts erasing early losses

After edging higher to a two-week high of 110.30 during the Asian session, the USD/JPY pair reversed its direction and erased 50 pips to touch a session low 109.80 in the early trading hours of the NA session before rebounding modestly.

USD/JPY News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Updating the bullish signal level, now at $8,250 BTC/USD

The ceiling of the bear channel stops an army of Bitcoiners ready to go to the Moon. ETH/USD may extend its gains despite Bitcoin weakness. XRP/USD is facing increased volatility.

Read more

Gold stays flat below $1280, can FOMC's Powell wake up markets?

The XAU/USD pair pushed lower in the early trading hours of the European session to touch its lowest level in more than two weeks at $1273.75. 

Gold News

Majors

Cryptocurrencies

Signatures