S&P 500 Technical Analysis For Thursday, Dec. 17

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

  • Overview: Looking at AMZN, GOOG, AAPL & FB it appears they have either started a trend to the upside or are completing a larger Wave 4, meaning that the market is still bullish
  • SPX S&P 500 Elliott Wave: Wave (v) of i)
  • Trading Levels: The S&P 500 is working through Minor Group2 MG2 3650|3720|3800 We break MG2 down into sublevels, the main takeaway for long traders is having support on 3700
  • Trading Strategy: currently long in the S&P 500 and the Nasdaq and many of the stocks mentioned in this video

Video length 00:18:40

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 ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.
Susan Miller 4 weeks ago Member's comment

Enjoyed this, thanks.