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SP500 Not Breaking Out Yet; Waiting On Powell and NFP

Wavetraders - Wed Nov 30, 2022
Charts, tickers, traders - Chart with Stocks and Commodities

Elliott wave sp500 chart is not showing a breakout yet. In fact, we should be aware of more weaknesses if trendline is not broken. It also depends on what Powell delivers today, ahead of NFP tomorrow. In this video I will show you two wave count for the SP500 I am tracking, plus a quick update on USDMXN which broken down perfectly. 

On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.