S&P500 Elliott Wave Weekly analysis 14-18th Sep
After the First leg of Zig-Zag Correction (3590-3297), Retracement of this leg is going on.
C wave will be confirmed above 3376 for the target of 3445-3470. C wave might be completed around 100 -123.6% Fibonacci levels.
Alternate scenario: If Price start to trade below 3297 then we may see fresh down impulse of second Zig-Zag Leg
Buy Above 3354 Tgt 3374,3414 and 3453 (S&P500 Spot Levels)
Sell Below 3310 Tgt 3291,3279 and 3254 (S&P500 Spot Levels)
C wave will be confirmed above 3376 for the target of 3445-3470. C wave might be completed around 100 -123.6% Fibonacci levels.
Alternate scenario: If Price start to trade below 3297 then we may see fresh down impulse of second Zig-Zag Leg
Buy Above 3354 Tgt 3374,3414 and 3453 (S&P500 Spot Levels)
Sell Below 3310 Tgt 3291,3279 and 3254 (S&P500 Spot Levels)