SPX - 60 Min |
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Wednesday, May 20, 2020
5/20/2020 - EOD Update
Looks like five waves up for wave 1 off my wave (2). If that is the case, then I would expect wave 2 to retrace 1 somewhere near the 50% retracement level, which would also fill that gap below on 5/18. I don't show it below but the 38% retrace lines up with the 20 day SMA as well.