{"id":28550,"date":"2022-05-20T14:17:00","date_gmt":"2022-05-20T13:17:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=28550"},"modified":"2022-05-20T20:19:30","modified_gmt":"2022-05-20T19:19:30","slug":"sp500-technical-analysis-using-elliot-wave-theory","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/","title":{"rendered":"S&#038;P500 Technical Analysis Using\u00a0Elliot Wave Theory"},"content":{"rendered":"\n<p>The corrective&nbsp;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&nbsp;data points to consider before June, we could see some fake-outs before enough traders are caught on the wrong&nbsp;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.&nbsp;<\/p>\n\n\n\n<p>For more trading details, please check the hyperlinks with time stamp indicated from the video:<\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=41\">0:41<\/a>  <a href=\"https:\/\/bit.ly\/3MYsB5E\">S&amp;P 500<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=668\">11:08<\/a>  <a href=\"https:\/\/bit.ly\/3w55Yqa\">NASDAQ<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=697\">11:37<\/a>  <a href=\"https:\/\/bit.ly\/36c2SFQ\">RUSSELL 2000<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=715\">11:55 <\/a> <a href=\"https:\/\/bit.ly\/3KYwtBV\">DOW JONES<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=759\">12:39<\/a>  <a href=\"https:\/\/bit.ly\/3JcZ7OZ\">FTSE100<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=799\">13:19<\/a>  <a href=\"https:\/\/bit.ly\/3tRK8n7\">DAX<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/youtu.be\/2IozJWxN3-4?t=837\">13:57<\/a>  <a href=\"http:\/\/bit.ly\/2OJjKKR\">USD\/JPY<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The corrective&nbsp;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&nbsp;data points to consider before June, we could see some fake-outs before enough traders are caught on the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":[],"categories":[2],"tags":[14,144,57,27,569,279,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P500 Technical Analysis Using\u00a0Elliot Wave Theory - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P500 Technical Analysis Using\u00a0Elliot Wave Theory\" \/>\n<meta property=\"og:description\" content=\"The corrective&nbsp;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&nbsp;data points to consider before June, we could see some fake-outs before enough traders are caught on the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-20T13:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-20T19:19:30+00:00\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"S&#038;P500 Technical Analysis Using\u00a0Elliot Wave Theory\",\"datePublished\":\"2022-05-20T13:17:00+00:00\",\"dateModified\":\"2022-05-20T19:19:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"DAX\",\"DOW JONES\",\"FTSE100\",\"NASDAQ\",\"Russell 2000\",\"USA500\",\"USDJPY\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\",\"url\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\",\"name\":\"S&P500 Technical Analysis Using\u00a0Elliot Wave Theory - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-05-20T13:17:00+00:00\",\"dateModified\":\"2022-05-20T19:19:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/sp500-technical-analysis-using-elliot-wave-theory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&#038;P500 Technical Analysis Using\u00a0Elliot Wave Theory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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