The Elliott Wave case for a bearish market through mid-May Long

SPDR S&P 500 ETF TRUSTArca

Description

⋅ May 1, 2020 5:00 AM

A quick and dirty Elliott Wave analysis reveals potential for the market to trade it's way back to late March levels to expend all the pent up traders holding short-term positions before returning to the overall uptrend again late May.

Wave Analysis Elliott Wave

Comments

GGEuroHEADSHOT

⋅ May 2, 2020 2:44 AM

Third wave cant be longer than the 1st or 5th. But adjust your lines, still the same result

abigreen

⋅ May 1, 2020 10:32 AM

Looks good.
Came to the same conclusion on my chart.
Would prefer smaller abc scenario.
Really hard to predict anything with Feds money flowing.