Elliottician

Weekly Analysis of S&P 500 Index

INDEX:SPX   S&P 500 Index
The analysis suggests that we are in the bullish third wave. The third wave will go on till 2230 being the next target. Any resistance shown at 2230 will bring the price down to 1629.36 and form a fourth wave.

Final Conclusion: Go long till 2230 is met and watch the prices closely. If the prices break above, I will be posting charts showing the next targets. If as expected, we see resistance in the area, take short positions till 1629 is achieved.

Good luck.
Why wave 4 will has correction more then wave 2 ?
Reply
Elliottician OptionBase
Please read Robert Pretcher's book on Elliott Wave theory. It will genuinely be hard for me to teach the wave theory on a comment board. :)
Reply