Elliott’s Soup for the end of May

What can we expect for the final part of the month of May? A look at Elliott's Waves may put some certainty into a very uncertain moment.

What can we expect for the S&P 500 for the final part of the month of May? A look at Elliott’s Waves may put some certainty into a very uncertain moment.

The present wave is quite weak and it is in its final stage: the target lies at 4300 and this is the area to monitor strictly.

The two main supports are at 4146 and 3970/50: if broken, the S&P 500 may easily move to 3400, with a possible extension to 3100.

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