S&P500 Technical Analysis Using Elliot Wave Theory

The corrective nature of the current price action in the US equities markets is causing some to call for lower lows. The sentiment and momentum are at odds with each other today and as there are no real economic data points to consider before June, we could see some fake-outs before enough traders are caught on the wrong side of the trade before the real move can happen. In this video, I outline all the key levels that I am watching for clues to the correct direction of travel. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:41 S&P 500

11:08 NASDAQ

11:37 RUSSELL 2000

11:55 DOW JONES

12:39 FTSE100

13:19 DAX

13:57 USD/JPY