SP500 Technical Analysis 20 Oct 2020

Elliott Wave Analyst - tradinglounge • Oct 20, 2020 at 12:55 AM EDT

Trading Levels: The 3500 was rejected, so the next support is 3400, if that becomes the resistance then the SP500 can move lower to 3200.

S&P 500 [SPX] Index and Nasdaq [NDX] Technical Analysis Elliott Wave for Investing or Day Trading.

SPX S&P 500 Elliott Wave: Two counts.1. Wave (ii). 2, Wave C of 4 lower.

Trading Levels: The 3500 was rejected, so the next support is 3400, if that becomes the resistance then the SP500 can move lower to 3200.

SP500 Trading Strategy: Because I now have to track two wave counts in the opposite direction, I will be looking for a long and short trade set up in the next session

Video length 00:15:10

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