Elliott Wave Analysis: S&P 500 Trading Bullish
Gregor Horvat | Sep 25, 2017 04:21AM ET
Good morning traders.
We changed our look on the S&P 500, and are now looking at a five-wave bullish impulse in the making within blue wave 5 as part of a higher degree wave III. We can see that price is trading quite nicely to the upside, displaying characteristics of an impulse, which means that price can see even more upside in days ahead. Specifically we see price trading within corrective wave 4) that can later search for a base near the 2490 region and make a bounce higher into wave 5).
S&P500, 4H
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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