S&P 500 Forecast For Friday, Aug. 6

Cutout paper illustration representing scheme and Stocks inscription

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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 4430 as support is required, then 4450 as tested support, setting the next level as the target 4500 (MinorLevel 5)
  • US Stocks Bullish trend for  AMZN GOOG, AAPL, SQ, FB, TSLA  for trade setups see video.
  • S&P 500 Elliott Wave: Wave 3) iii of (iii) of iii)  
  • NASDAQ Elliott Wave:  Wave 3) of iii of (iii) of v)
  • 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 ...

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