SP 500 Index Technical Analysis

Elliott Wave Analyst - tradinglounge • Aug 28, 2021 at 8:05 AM EDT

Technical Analysis Elliott Wave Forecast & Trading for SP500, Nasdaq 100 and Russell 2000.

S&P500 Technical Analysis: 4500 is the next minor level of resistance, once that becomes the support then 4800 is the next level. Expecting Friday and Monday to be bullish, however the Jackson Hole Feds booze-up could chuck a spanner in the works, so smaller postions if holding over the weekend.

S&P 500 Elliott Wave: Wave iv of (iii) of iii) of 5 of (3)
NASDAQ Elliott Wave: Trade long on the 15,000 (Medium Level) as the support
Russell 2000 Elliott Wave: Wave (i) or (a) upwards

SP500 Trading Levels: MinorLevel 5 4500 then Minor Group2 4650|4772|4800

Trading Strategy
SP500 Trading Strategy: Risk On
NASDAQ 100 Trading Strategy: Risk On

Shortcuts to what you want:
00:00 SP500 Elliott Wave Analysis
06:00 Russell 2000 Elliott Wave Analysis
09:15 NASDAQ Elliott Wave Analysis
14:00 Thank you for watching SP500 Elliott Wave Analysis

Video length 00:14:05

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