LucaDallago

S&P 500 Elliott Wave Analysis Update

SP:SPX   S&P 500 Index
Since the last update, Minor wave 2 has completed, reaching the Fibonacci 0.50 retracement of Minor wave 1 . I had written that the bullish signal would have been at the breakout of the top of Minuette wave 1, which happened, so we just have to follow the operation with a trailing stop, while the target is the 1.618 extension of Minor wave 1 .

Luca Dallago
SIAT Socio Professional (CSTA)
IFTA Certified Financial Technician (CFTe)
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