SP500 Technical Analysis 19 September 2019 [Video]

Peter Mathers TradingLounge

SP500 Technical Analysis

Elliott Wave: Still tracking two wave counts, first Wave iv) completed and Wave v), second The current sharp move up as Wave c of (b)

Trading Levels: the market is still held in place by SG1 and SG2. If SG1 becomes the support then the trade is long, if SG2 becomes the resistance then its a short trade

Trading Strategy: The current sharp move up will be in five waves either as Wave c of (b) or Wave (i), we need this to complete and then fold back to 3000 its only then we we understand to look for the long trade set up which is explained in the video or a short trade.

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Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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