SP500 & Nasdaq Technical Analysis For Thursday, Dec.10

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: tracking two bullish corrective patterns as Wave ii or (iv)

Trading Levels: The next support for the SP500 is 3650, this is the low end of Minor Group2

SP500 Trading Strategy: The sharp move down appears to be an impulse wave (five waves) so we can expect once it completes at 3650 area, then an abc corrective rally 50 - 62% of the sharp move down, then another impulse wave lower then can move through the 3650

Video length 00:23:40

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 ...

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