We are starting the week with a big bearish corrective wave on the S&P500. Is this the beginning of a crash? As traders, our concern and focus should be price action rather than anticipating a crash. Most of the time, after this type of corrective wave, we end up with a V-type bullish reversal. Reading price bar by bar is key to success in markets. Elliott Wave helps us to stay focus and have a clear plan to avoid making wrong decisions.
This week our Weekly Elliott Wave video report gives an in-depth analysis of the current situation with crystal clear trading plans to survive in this market.