S&P 500 Index Elliott Wave Analysis: Bear Market Over

Elliott Wave Analyst - tradinglounge • May 29, 2022 at 7:54 PM EDT

SP500, stocks are suggesting a low now in place for Indices.

SP 500 Elliott Wave Trading Technical Analysis: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF, Day Trading Strategies
Market Summary: I'm still considering a corrective rally to the upside as Wave C of (4) However the stocks are suggesting we have a low in place for the bear market, so we also need to view the move up as Wave 1 the start of the next bullish run into new all time highs.

Day / Trend Trading Strategies: Short term and day traders continue long and positions trades need to wait for Wave 2.

SP 500 Elliott Wave Counts
S&P 500 Elliott Wave iii) of 3 of (1)
Russell 2000 Elliott Wave (iii) of 3 of (1)
NASDAQ 100 Elliott Wave iii) of 3 of (1)

Video Chapters
00:00 S&P500 & SPY ETF
16:25 NASDAQ 100 (NDX) & QQQ ETF
19:34 Russell 2000 (RUT) & IWM ETF

Video length 00:23:56

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