SP500 Elliott Wave Bear Market Rally, Fail On Feds Rates Wed

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Sep 20, 2022 at 4:15 AM EDT

U.S. stock benchmarks rose to kick off the trading week, as investors looked ahead to the Fed’s interest-rate decision Wednesday. However, the SP 500 may continue to add to new lows if the market moves lower in line with the Elliott wave count.

Stock Market SP 500, NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies.
US Markets News Today: U.S. stock benchmarks rose to kick off the trading week, as investors looked ahead to the Fed’s interest-rate decision Wednesday.
Elliott Wave Market Summary: The move up is likely a Wave (ii) correct bear market rally, that may indeed hang around until Fed's meeting on Wed
Elliott Wave count: Wave (ii) or ii) corrective rally
Day / Trend Trading Strategies: Continue to add to new lows if the market moves lower in line with the Elliott wave count.

Video Chapters
00:00 S&P500
09:59 NASDAQ 100 (NDX)
11:07 Russell 2000 (RUT)
12:33 Dow Jones Industrial Average
13:47 End. Thanks for supporting!

Analyst Peter Mathers TradingLounge™ Australian Financial Services License - AFSL 317817
Source: tradinglounge com

Video Length: 00:13:47

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