Bulls On S&P 500 Can Slow Down; A Bearish Reversal In View
Gregor Horvat | Aug 09, 2018 05:28AM ET
Hi traders,
S&P 500 is trading higher again after a three wave set-back to 2790 where new support was found. It can be wave b so new push higher is seen as wave c which has still room for 2880/2890 so trend for S&P 500 remains up for now, but we should be aware of a turn sometime this month. A break below the lower Elliott wave channel line will confirm a top in place and a bearish reversal.
S&P500, 4h
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