SP500 Technical Analysis 7-21-21 (Elliott Wave Theory)

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SP500 technical analysis for today July 21th 2021 using Elliott Wave Theory. As we thought the market bounced in the start of wave B today hitting around 4329 on the futures S&P 500 chart. We believe based on the Elliott Wave Fib levels that this is just the (a) wave of B and we will have a smaller pullback before completing the B wave as high as 4440 SPX.

SP500 technical analysis also tells that this "could" be all of the B wave in which case We would target 4165 SPX. This is a complex spot with many options which is why support levels are always important. Our target for support is 4294 ES. If we break that we are likely moving into the C wave down.

S&P 500 technical analysis using Elliott Wave Theory is the most accurate way to define targets for the market. Check us out in our Facebook Group "Invest with Jacob" where I give real time market updates during trading hours.

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Видео SP500 Technical Analysis 7-21-21 (Elliott Wave Theory) канала Invest With Jacob