SP500 short - Elliot Wave Analysis Monthly - Investment/Trading

Mar 25, 2020

Hello Traders !

Today with SP500 on the monthly timeframe. We will have a close of the monthly candle stick this week. This is very important to keep an eye on it. We will see if we are able to break the Trend Line. If we will break the Trend Line I expect the price to drop a little bit more in order to complete Wave A. Afterwards we will see the correction Wave B. Which will look like a Retest of the Trend Line. Afterwards we will see the huge Drop - Wave C. Target for me is the Support Area marked on the Charts.

If we will hit the Support Target this would be the best price to invest your money. This is a very cheap price for SP500. On the long run it will return you great investment profits. Also you could trade it but I prefer investing in that case because of the great conditions and less risk. Also you do not need to worry about holding your positions due to the less risk. The chance that 500 companies will go bankruptcy is extremely low. The market will always recover.

That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.

Thank you and we will see next time
- Darius.