S&P500 Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)

Name: S&P500 Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)
Uploaded: 2023-10-14T08:05:49.431374
Channel: AndyCuckoo
Description: In the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more downside as a wave (4) and take out the low.

S&P 500 Index (OANDA:SPX500USD)

OANDA:SPX500USD S&P 500 Index

Elliott Wave Support and Resistance Fibonacci SPX (S&P 500 Index) S&P 500 (SPX500)

elliottwaves supportandresistance fibonacci spx spx500

In the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more downside as a wave (4) and take out the low.

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supportandresistance
fibonacci
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