Index : S&P 500   Date : 21st May 2020   Time Frame : 4 Hr    Elliott Wave Analysis :  A quick recap on our blog’s  SP500 Elliott Wave Analysis.   On the 20-02-20, the S&P 500 made an all-time high (ATH) at around the 3397 levels.   Since then, the S&P 500 index has been dropping like a fly, resulting in a massive downward spiral.   From an Elliott Wave perspective, this drop comes in the form of an impulsive [1][2][3][4][5] downward wave in black finishing with an ending diagonal down to the 2177 level on the 23-03-20.   This seems to have completed the first leg of the larger ABC corrective structure
Read More