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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