S&P 500 Elliott Wave Analysis
By Bennett Tindle February 23, 2021
After a week of quiet consolidation the S&P 500 has sold off to the tune of about 3.5%, with leading indexes and sectors significantly weaker. Is this the start of the larger correction that I’ve been awaiting? At the very least I anticipate further downside in the form of a 3-wave correction, with the worst-case scenario being a multi-month probe lower into downside support. Tune in as I walk you through the charts, highlighting the expected corrective pattern and ways to trade it. As always, don’t forget to join us every Wednesday at 8:45 AM EST for our TA Live Wednesday show!