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SP500 Elliott Wave

SP500 Elliott Wave

tradinglounge.comSP500 Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave S&P500 is unfolding a bigger, five-wave development down from 2814 level. We labelled this bearish activity as higher degree wave C, with current rally form the lows representing a temporary wave 4 pullback. Wave 4 pullback can look for resistance and a bearish continuation near the 2560 region. That said, once wave 4 fully develops, that is when final wave 5 may follow and target 2260 area.
If we get a sudden break above the 2600 level, that this would signal a low in place and a bullish continuation.

11/01/2019

    tradinglounge.comSP500 Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave S&P500 is reversing higher with a very strong price move so we see market in a new corrective rally. Ideally that's wave four corrective bounce that can be made by three sub-waves towards 2820 so a bearish reversal can be happening soon. Even an alternate count where we are tracking idea of a triangle suggests that upside can be limited and that sooner or later price will turn lower for E.

    13/12/2018

      tradinglounge.comSP500 Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave No change. S&P500 is reversing higher in a very strong and impulsive manner from the lows, so it appears that wave 4 can be deeper and more complex as we see current rise still as wave A) that belongs to a three wave recovery so more upside should be coming after wave B) pullback. Short-term support is at 2660/80 area from where bounce may occur this week for a rise towards 2821.

      29/11/2018

        tradinglounge.comSP500 Elliot Wave Chart 4 hr

        30 October 2018 Elliot Wave S&P500 is breaking lower, ideally unfolding wave 3 as part of a bigger, bearish cycle. We see price in the middle of wave 3, which is an impulse and must unfold five-waves before we may see a base in place, and a temporary pullback to follow. That said wave 3 can take price towards the 2600 region in upcoming days, where some support for a new temporary pullback can occur.

        16/11/2018

          tradinglounge.comSP500 Elliot Wave Chart 4 hr

          25 October 2018 Elliot Wave S&P500 is breaking lower, maybe already into wave 3 if 2756 swing resistance is not broken, which means there is room for 2520-2600 area for the next few trading days. Any reversal and bounce back above 2756 will be a temporary trend changer (ALT count: completed wave 1).

          9/11/2018

            tradinglounge.comSP500 Elliot Wave Chart 4 hr

            18 October 2018 Elliot Wave No change. S&P500 made a nice recovery in three waves, up from the 2709 lows which we labelled as a corrective wave 2 of a higher degree. Particularly we see sub-wave C) of two in play which can look for resistance and a bearish turn near the Fibonacci ratio of 38.2/61.8. That said a reversal in impulsive fashion will confirm a completed correction and more weakness.

            31/10/2018

              tradinglounge.comSP500 Elliot Wave Chart 4 hr

              12 October 2018 Elliot Wave No change.Sharp fall on US stock market is likely a new, but still a temporary change in trend. We are tracking an impulsive turn from the highs, which means a five wave structure can be in play for 2700 area in wave 1 of a higher degree. As such, be aware of more weakness after a wave 4) retracement back to 2770-2800 resistance.

              25/10/2018

                tradinglounge.comSP500 Elliot Wave Chart 4 hr

                05 October 2018 Elliot Wave Because of slow price action above 2900 and evidence of a corrective move, we would not be surprised if market moves to a new high from current levels. An updated view shows a-b-c flat correction in wave four so new highs can be back in play still, while price is above 2850 invalidation mark.

                18/10/2018

                  tradinglounge.comSP500 Elliot Wave Chart 4 hr

                  01 October 2018 Elliot E-mini S&P500 hit new highs around 2940 from where we spotted a reversal down earlier this week, which has occurred in three waves only, so move can be corrective or part of a higher degree complex correction. Ideally that's wave 4) in progress which can see lower prices after a completed wave B pullback.

                  11/10/2018

                    tradinglounge.comSP500 Elliot Wave Chart 4 hr

                    25 September 2018 Elliot Wave E-mini S&P500 hit a new highs around 2940 from where is turning down now so we are considering a deeper pullback soon. In fact, there is quite aggressive intraday fall from the high which can be part of wave A that may send prices lower within wave 4) retracement. We definitely think that market can face deeper correction soon and that upside is limited. If from any reason price goes back to the highs then new resistance is at 2960.

                    2/10/2018

                      tradinglounge.comSP500 Elliot Wave Chart 4 hr

                      17 September 2018 Elliot Wave Finally, the E-mini S&P500 is turning up from the fourth wave support around 2863 so we see market moving to a new high, but can be a final leg within wave 5 of 3) since we are tracking an ending diagonal here from 2790. However 2920/40 can still be seen before prices may slow down for possible deeper fourth wave.

                      25/09/2018

                        tradinglounge.comSP500 Elliot Wave Chart 1 hr

                        10 September 2018 Elliot Wave US stocks have clearer bullish view as overlapping decline suggests that pullback is corrective so watch-out for a bounce and more "divergence" between US and European stock markets.

                        18/09/2018

                          tradinglounge.comSP500 Elliot Wave Chart 4 hr

                          03 September 2018 Elliot Wave S&P500 is pushing prices higher, away from 2800 for the last two weeks which can be a five wave move in progress, which means more upside after current fourth wave pullback which can cause a new bounce this week for a continuation towards 2940/50. Trend is up for now, but this may change if price goes back below 2860.

                          12/09/2018

                            tradinglounge.comSP500 Elliot Wave Chart 4 hr

                            27 August 2018 Elliot Wave S&P500 is pushing prices higher, away from 2800 for the last two weeks, which can be a five wave move in progress towards 2910/20 area. There was open some gap which can cause more upside into wave three once it's filled. For now US stocks remains in uptrend, but a decline out of an upward channel and break below 2844 would be a short-term trend changer.

                            5/09/2018

                              tradinglounge.comSP500 Elliot Wave Chart 4 hr

                              20 August 2018 Elliot Wave S&P500 fell at the start of last week but then reversed back to the upside very quickly so it appears that bullish price movement is still here, maybe even ready to push prices into a new all time high. However, we think that new turn down in minimum three legs may show up from around 2880/2900 zone.

                              30/08/2018

                                tradinglounge.comSP500 Elliot Wave Chart 4 hr

                                10 August 2018 Elliot Wave No change. S&P500 is trading higher again after a three wave set-back to 2790 where new support was found. It can be wave b so new push higher is seen as wave c which has still room for 2880/2890 so trend for SP500 remains up for now, but we should be aware of a turn sometime this month.

                                23/08/2018

                                  tradinglounge.comSP500 Elliot Wave Chart 1 hr

                                  1 August 2018 Elliot Wave S&P500 hit projected resistance level pretty fast, so correction can be completed and we could have a perfect bearish setup here, but there can be even more complex, bigger and longer correction, so only a break back below 2805 region would confirm a bearish reversal. However, as long as it's below 2848 invalidation level, we will remain bearish.

                                  14/08/2018

                                    tradinglounge.comSP500 Elliot Wave Chart 4 hr

                                    27 July 2018 Elliote Wave No change. S&P500 is still trading higher, however we see stock unfolding wave c as part of a bigger Elliott wave ending diagonal. This informs us that a top can be near, and a sharp reversal may follow. We specifically see sub-wave iii) of c in play, that can look for resistance and a slow turn lower around the Fibonacci ratio of 161.8. All being said, a sharp bearish turn and a drop below the lower channel line connected from end of June would indicate more weakness.

                                    8/08/2018

                                      tradinglounge.comSP500 Elliot Wave Chart 4 hr

                                      24 July 2018 Elliot Wave S&P500 is now trading in late stages of wave c of 5 of a big Elliott wave ending diagonal so traders have to be aware of an upcoming bearish turn, probably around 2815/2835 region. However, only a five wave fall may confirm a top in place. In our case we would have to see a drop below 2750 area. That being said, we can also see a divergence on the RSI, which indicates an upcoming bearish turn.

                                      2/08/2018

                                        tradinglounge.comSP500 Elliot Wave Chart 4 hr

                                        17 July 2018 Elliot Wave No change.
                                        S&P500 moved to a new high as expected, now trading in late stages of wave c of 5 of a big ending diagonal so trader have to be aware of a bearish turn. However, only a five wave fall may confirm a top in place. In our case we would have to see a drop below 2750 area.

                                        26/07/2018

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