SP500 Technical Analysis for Tuesday, Dec. 8

Elliott Wave Analyst - tradinglounge • Dec 7, 2020 at 8:52 PM EST

The Midpoint 3650 is required as support once the 3665 becomes the tested support then the market can climb higher to 3700.

Stock Market S&P 500 [SPX] Index and Nasdaq [NDX] Technical Analysis Elliott Wave for Investing trends or day trading.

SPX S&P 500 Elliott Wave: Wave(iii) of iii) of 5 of (1)

Trading Levels: The Midpoint 3650 is required as support, then the next sublevels is Group2 SG2 3665|3672|3680, once the 3665 becomes the tested support then the market can climb higher to 3700 which is now required as the support, then Minor Level resistance is 3800.

SP500 Trading Strategy: Three long trades and the stop has been moved higher, continue to add long positions through the levels.

Video length 00:23:02

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