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S&P 500 Index
Long

S&P 500 Index (1H) / Bullish Elliott Wave Count (2)

By TradingSurfers
In this scenario, we are working on the 5th subwave of this impulse off the lows (within macro Flat 4 count). We've broken the base channel to the downside. If this is an impulse in progress, it is weak and W3<W1 so we may breach the 0.65 fib retracement and come back down fill the gap left by the island reversal.
Chart PatternselliottwaveprojectionelliotwaveanalysisTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spx500longspx500shortUS SPX 500SPXSWave Analysis
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