Technical Analysis: S&P 500, Nasdaq, Russell 2000 - Tuesday, Aug. 31

Elliott Wave Analyst - tradinglounge • Aug 31, 2021 at 4:02 AM EDT

SP500: 4500 is the next minor level of resistance, once that becomes the support then 4800 is the next level.

S&P500 Technical Analysis: 4500 is the next minor level of resistance, once that becomes the support then 4800 is the next level.

Expecting Friday and Monday to be bullish, however, the Jackson Hole Feds booze-up could chuck a spanner in the works, so smaller positions if holding over the weekend.

S&P 500 Elliott Wave iii of (iii) of iii) of 5 of (3)
Nasdaq Elliott Wave (iii) of v) of 5 of (3)
Russell 2000 Elliott Wave (iii) of iii) of 5 of (3)

Trading Strategy

SP500 Trading Strategy: Risk-On
Nasdaq 100 Trading Strategy: Risk-On

Video Length: 00:18:04

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