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SP500 Elliott Wave – Is The Market Bounce Bullish?

Posted on March 9, 2022March 5, 2022 By Kelly Donner 11 Comments on SP500 Elliott Wave – Is The Market Bounce Bullish?

Stock Market Index Trading SP 500 ELLIOTT WAVE ANALYSIS Plus NASDAQ 100 (NDX) & Russell 2000 (RUT) Technical Analysis Day Trading Strategies
Trading Strategies: The strong bounce is currently three waves, we need five waves (impulse Wave) to confirm a low is in place
S&P500 Overview: Tested support on top of Minor Group 1 (MG1) 4300 is the next step to the upside.

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Comments (11) on “SP500 Elliott Wave – Is The Market Bounce Bullish?”

  1. TradingLounge says:
    February 24, 2022 at 6:10 pm

    All of the videos on this channel are produced Everyday on TradingLounge
    SPECIAL DEAL Buy 1 Month and Get 3 Months https://tradinglounge.com

  2. SteveR says:
    February 24, 2022 at 6:29 pm

    Thanks Pete! Very clear on everything despite the choppy action.

  3. mr s. says:
    February 24, 2022 at 6:35 pm

    Nice! TSLA also looks like it is missing one more leg down to support the idea that there is one more move down for SPX.

    1. TradingLounge says:
      February 25, 2022 at 4:38 pm

      yes, it would also give strength to Oliver’s idea above of an Wave (b) Irregular bottom. there are a few other stocks like tsla that should complete in much the same way, so its not an isolated case. Rgds p :))

  4. olivier nitsos says:
    February 24, 2022 at 6:44 pm

    Another idea …. What about if today’s low where just a simple (b) irregular bottom ? Which means that SPX would move all the way up in (c) wave close to 4700 … And then a big C wave down to complete your 4th wave ….

    1. TradingLounge says:
      February 25, 2022 at 4:35 pm

      Thanks Oliver, I don’t see anything wrong with that idea…thanks for sharing p:))

  5. Conscious EQ says:
    February 24, 2022 at 10:14 pm

    Thanks a lot 🙏

  6. Шитиков Виктор says:
    February 24, 2022 at 11:29 pm

    You are the best !!!

  7. amundsenolav says:
    February 25, 2022 at 1:19 pm

    I really like Your videos and your approach and explanations.

    1. TradingLounge says:
      February 25, 2022 at 4:39 pm

      Welcome and thank you rgds p:))

  8. ddam3 says:
    February 28, 2022 at 5:04 am

    Yeah, I agree, your videos are priceless. Thank you!

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