E Mini S&P 500 Buy Set Up Elliot Wave Analysis
Updated
I am looking at the decline in the E Mini S&P 500 that started on May 1st of this year to be a corrective structure as of now. I believe the corrective structure could be coming to an end now that we have entered my kill zone(orange box). We are at the bottom of the channel which is acting as support right now. Watch for the Buy set up of what could be a nice Bullish wave to create new highs.
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I am still riding this beautiful Bullish Wave. Price is sitting on a good level of resistance and supply. Watch to see how price react, if we break and finish higher past the zone, we could experience another runaway train where we just collect a lot of ProfitTrade active
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