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ElliottWaveBelgium

$S&P500 - $SPX Going higher if can hold above 4362!

Long
ElliottWaveBelgium Updated   
CURRENCYCOM:US500   None
Trend Analysis Wave Analysis Beyond Technical Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) LONG elliottwavebelgium
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trendanalysis waveanalysis beyondta spx spy spx500 long elliottwavebelgium
Price action from the 4640 high is not impulsive imo and thus increases the chance of this being a 1,2 move !

From the 18th we also got a 5 waves move up from the 4362 low and so, if current pullback holds above this level and can then make a new high above 4491, I think we can say that we have started a new bull run.
Comment:
Bad day in the markets today with lots of failed breakouts in individual names...
Got my $OXY order filled and quickly stopped out, this shows current environment is difficult to trade and it's best to stay in cash for the moment until things start to brighten up.
snapshot
Comment:
If the invalidation level isn't breached and if price can make a quick recovery above 4516 will I get interested in buying.
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