S&P 500 Elliott Wave Analysis Short The Corrective Rally

Elliott Wave Analyst - tradinglounge • Apr 28, 2022 at 2:10 AM EDT

SP500 is in a bear market corrective rally, once it's completed we can continue to short the market.

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Elliott Wave Analysis: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF, Technical Analysis Day Trading Strategies

Trading Strategies: the SP500. Indices are in a strong Wave 3 to the downside Elliott Wave count is Wave of iii) of 3. We continue to build short positions into these indices.

The SP500 Support is 4000 where we will look to take most profit and work the wave fours across this trading level.

Video length 00:21:42

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