Technical Analysis Elliott Wave SP 500 [SPX] NASDAQ [NDX] AMZN, GOOG, AAPL,SQ, FB,TSLA
S&P500 Technical Analysis: No change.Trending higher in line with the main trend
S&P 500 Elliott Wave: Wave i of (iii) of iii) of 5 of (3)
SP500 TradingLevels: 4,300 is a Minor Level and also the top of Minor Group1. Tested Support on this level with a Classic TradingLevels pattern
will set the support for the next Minor Level 4,500 (mTL5|4500)
SP500 Trading Strategy: Risk On. Buy new highs and buy the dips as the trend is strong. We will look to add to long positions on tested support of 4500
Peter Mathers TradingLounge
Looking to Refine Your Trading and Technical Analysis Skills?
TradingLounge's SPECIAL DEAL 3 Months for the Price of 1 Month https://tradinglounge.com/
The S&P 500, or simply the S&P, is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. Wikipedia
The NASDAQ Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock market. Along with the Dow Jones Industrial Average and S&P 500 Index, it is one of the three most-followed stock market indices in the United States. Wikipedia
=========================
Connect with Tradinglounge:
Visit Tradinglounge Website: https://www.tradinglounge.com/
Like Tradinglounge on FACEBOOK: https://www.facebook.com/tradinglounge/
Follow Tradinglounge on TWITTER: https://twitter.com/tradinglounge
Follow Tradinglounge on LINKEDIN: https://www.linkedin.com/company/trad...
=========================
Risk Disclaimer
As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on.
Note: Historical trading results are no guarantee of future returns.
Some investments are inherently more risky than others. At worst, you could lose your entire investment and more
TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk.
The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading losses or profits.