SP500 Is Looking Higher By Elliott Wave Theory
Jul 12, 2023


SP500 is looking higher for wave 5 of (5) of a five-wave bullish impulse by Elliott wave theory.

SP500 is bullish from 4100 area, an impulse that can resume even higher as the current sideways price action at 4360-4500 area appears like a corrective fourth wave, possibly a triangle or flat, but in either case more gains can be seen this month. Hidden divergence also suggests that price can be looking for a support soon. Support is at 4368, for a more complex and deeper w. 4.

SP500 Is Looking Higher By Elliott Wave Theory SP500 Futures 4H Chart
SP500 Futures 4H Chart

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