S&P500 4h
The large red box located in the middle of the screen contains an Elliott Wave. An Elliott Wave is a price pattern that consists of a rise, fall, and additional rise of price in the market. Earlier this week I called a trade, which was actually the fall of said Elliott Wave.
Now that price has reached a higher higher after creating two similar bullish runs in the market(A and B), we can expect to see high volume at the 3970 for the S&P500. Tomorrow being Friday, I won’t be surprised if we see a new high going into next week.
The large red box located in the middle of the screen contains an Elliott Wave. An Elliott Wave is a price pattern that consists of a rise, fall, and additional rise of price in the market. Earlier this week I called a trade, which was actually the fall of said Elliott Wave.
Now that price has reached a higher higher after creating two similar bullish runs in the market(A and B), we can expect to see high volume at the 3970 for the S&P500. Tomorrow being Friday, I won’t be surprised if we see a new high going into next week.