In this chart i analyse the SPX index and i use the elliot waves and the MA 21/100/200.
I believe we are in the 5th wave (look the chart to understand) and in the begin of the next week we are going to see a couple of bullish days since we just entered the 3rd sub wave of the 5th wave
We found a good support on the 2740.
To determinate the end of the 3rd sub have i use the fibonacci r.
i hope this help and please if you have any questions or comment let me know
I believe we are in the 5th wave (look the chart to understand) and in the begin of the next week we are going to see a couple of bullish days since we just entered the 3rd sub wave of the 5th wave
We found a good support on the 2740.
To determinate the end of the 3rd sub have i use the fibonacci r.
i hope this help and please if you have any questions or comment let me know