SP500 Technical Analysis Elliott Wave [Video]

Peter Mathers TradingLounge

SP500 Technical Analysis Elliott Wave and Trading Levels

Elliott Wave: Top is in play with the first impulse wave unfolding lower.

TradingLevels: Minor Level mTL8}2800 is the support that will become the resistance to help set up short trades.

Trading Strategy: Waiting for Short Trade Setups to unfold, that is, short a corrective rally back to 2830 then add to short trades under 2800 as the resistance, then add again once 2772 becomes the resistance.

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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