The Trend Is Your Friend – S&P 500 Elliott Wave Update

By Bennett Tindle March 30, 2021

Last Thursday the 25th I published an update suggesting the S&P 500 was at/near completion of a corrective pullback that originated off the March 16th closing high. We’ve since see the market rally 3%+ to the upside in an impulsive fashion, and are now once again looking for a corrective pullback against the trend to establish longs. Often times traders have a tendency to over-analyze charts, focused too much on the ‘higher degree’ patterns, while failing to realize the potential of simply trading the pattern. Tune in as I walk you through the charts, highlighting when and where I plan to take action next.