SP500 Technical Analysis Elliott Wave 22 March 2019

Peter Mathers TradingLounge

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

Author

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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