Technical Analysis: US Indices

turned-on MacBook Pro

Photo by Austin Distel on Unsplash
 

The SP500 Elliott Wave (iv) of c) of 2 is a bullish corrective pattern that is not completed. Let's see if the sellers' volume diminishes over the next two trading sessions. We need to see an Elliott Wave Impulse wave to the upside to call a low in place and also use that Impulse wave as part of the Trade Set-up on the long side.
Content: SP500 - Nasdaq 100 - Russell 2000 - Dow Jones
Summary Bullish corrective pattern edging lower in the next session
Elliott Wave (iv) of c) of 2 
Strategies No Strategy

Video Length: 00:24:21


More By This Author:

Elliott Wave Technical Analysis: ASX200, CBA, Iron Ore, China, BHP, RIO, FMG,GOLD, NCM, GDX, DXY, AUDUSD
Elliott Wave Technical Analysis: Starbucks Inc.
US Stock Market Correction Continues: Lower Prices In Play

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments