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S&P500 Technical Analysis: 4500 is the next minor level of resistance, once that becomes the support then 4800 is the next level.
TradingLounge's Bullish Weekly Cycle would have Thursday as bearish and Friday and Monday as bullish work this with the Elliott wave count.
Thursday afternoon session should see the market firming up for the run up, work this in to the TradingLevels
S&P 500 Elliott Wave iv of (iii) of iii) of 5 of (3) ( Alt count Wave 2 Retracement 4500)
NASDAQ Elliott Wave (iii) of v) of 5 of (3)
Russell 2000 Elliott Wave (iii) of iii) of 5 of (3)
SP500 TradingLevels: MinorLevel 5 4500 then Minor Group2 4650|4772|4800
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SP500 Trading Strategy: Risk On
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Muy buen trabajo, sigo al nasdaq gracias por compartir y el tiempo que le dedicas. Un saludo
thanks Antonio! p:))
Great work.
Thank you! Cheers!
Added 10 at 4523.25 Same stops below GTC
This TR is still Re-Accumulation in my opinion, and perhaps we dip to Spring it. Make no mistake she can gather herself and go on up right now, that is why I’m only risking above 50 but yet below 65. So thinking 1 more good dip then we run towards 4650. Not sure we will get it, but in either case, she’ll have to make the 4550 ICE before she advances.
Target range NT would be 4511-4495
We’re probably in a minor 2 of C and may retrace back through Gatekeeper at 4530, maybe towards 4536-4540 area, then wave 3 of C perhaps to follow. 4511-09 minimum target….. Theta building Cause increases lower target potential. Again, in a Bull Market, have to have guard UP on shorting her. Closes above 4530-40 zone keeps her in NT Bullish Posture. Ultimately here I think we go lower to Spring the TR and hit a Demand Artery. So near 4500 give or take. NT we have to take it as it comes. Huge TR , and as aforementioned , even on a good DIP my bias is this is Re-Accumulation, No BC on First High, and if it was a Wave 3 from below, it’s too short still. That’s why I feel 4650 or better still in the cards before a larger correction. Musings
The Gatekeeper is still ICE so must respect, until you stay under 4530.
Still thinking we may dip towards 4500 on a retest before we advance and make 4550 ICE yet……….But looking for 4650 after such a dip, so with another good little dip, or without it, still thinking 4650 or better in the Intermediate term…………..