S&P500 Bulls Strength Over Bear for 29th Sep

 As discussed, S&P500 Elliott Wave and Price Action Analysis for 28th Sep 

Price Action :

As discussed, 

Bearish Trend Line Price 3305 is near to break If price breaks the trendline and stay above it then it is a sign of Bulls control over a bear.

After confirmation of Bull's strength, Good Risk Reward entry near support 3272-3283 with a stop loss of 3200.

Fibonacci 50% & 61.8% Retracement of Last leg is @ 3398-3442. So the Target of the Bull run is between 3398-3442.



Let's continue on Chart, 

S&P500 price Action

Bull's strength continuing and without any correction price climb towards 200 DMA of 4 Hour Timeframe near 3400

Fibonacci 50% @ 3398 & 61.8% @ 3444. So the price may face resistance between 3398 to 3444 & we may see correction upto the 50-61.8% of this rally.

Elliott Wave 1H: 

As discussed,

Sub waves of B wave as ABC

A wave  (Sub waves as abc). Sub wave C  might be completed near 123.6% to 161.8% of a wave between 3305-3333.

S&P500 elliott Wave

c wave is an extended wave so it may continue towards 223 or 261.8% Fibonacci extension @ 3377 & 3405

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