Short

SP500: Near term forecast

Hi everyone,

Just to share a near-term forecast for the SP500.

Overall I think we're close to the resistance level at 4370, and a short-term retracement.

This resistance level is supported by the completion of the wave v (100% of wave i-iii), and also corresponds to the 161% external retracement.

Good luck!

Elliott WaveFibonaccisp500indexSupport and Resistanceus500

Disclaimer