S&P 500 Technical Analysis for Monday, Aug. 2

Elliott Wave Analyst - tradinglounge • Aug 2, 2021 at 9:29 AM EDT

The 4400 as support is required, then 4430 as tested support as this will cut any ties with the 4400 and send the market to 4500 the next level.

Technical Analysis Elliott Wave SP 500 [SPX] NASDAQ [NDX] Amazon AMZN, Alphabet GOOG, Apple AAPL,Square SQ, Facebook FB, Tesla TSLA.

S&P500 Technical Analysis: The 4400 as support is required, then 4430 as tested support as this will cut any ties with the 4400 and send the market to 4500 the next level

US Stocks AMZN earnings didn't please the markets, but still bullish. GOOG, AAPL,SQ, FB,TSLA Stocks are trending bullish

S&P 500 Elliott Wave: Wave ii of (iii) of iii)
NASDAQ Elliott Wave: Wave (ii) in play

SP500 TradingLevels: The base support is 4300 Minor Group 1 support, the next level is 4500

SP500 Trading Strategy: Long above 4400 SP500 and 15,000 NASDAQ 100 See video

Disclosure:

As with any trading or investment 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 TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership 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, tradinglounge 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.