S&P500 Elliott Wave Analysis

S&P500 : 


S&P500 elliott wave
S&P500 elliott wave 


Five Impulse has been completed @ 3591

The first leg of correction is appeared as FIve wave Zigzag as below.

S&P500 elliott wave
S&P500 elliott wave 


first leg mention as W wave.

Retracement of W wave is X wave. Fibonacci 38.2% of Wave completed at 3412.

If retracement was completed at 38.2% then we may see 2nd leg Swift and deep up to 3000.

Forecast 2nd Zig-Zag :


S&P500 elliott wave

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