Today's trade setups for the SP500.
S&P 500 Index Technical Analysis Elliott Wave Investing and Day Trading
SPX S&P 500 Elliott Wave: Wave iv of (v) of c) of B
Trading Levels: 3200 Minor Level as support confirms bullish trend and as resistance bearish trend SP500
Trading Strategy: Long above 3220 and short if the 3200 becomes the tested resistance adding under 3172
Video length 00:21:01
Risk Disclaimer: As with any trading or investing opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on.
Note: Historical trading results are no guarantee of future returns.
Some investments are inherently more risky than others. At worst, you could lose your entire investment and more, so seek financial advice from your financial adviser.
TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software, and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership and social media platforms has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information, or data is at your own risk.
The decision to trade and the method of trading is for you alone to decide, trading lounge takes no responsibility whatsoever for your trading profits or losses.
This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us,
consider the appropriateness of the advice in light of your own objectives, financial situation or needs.
Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
Comments
Log in or sign up to join the conversation.