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S&P 500 / Elliott Wave Update 3/30/2022 by Michael Filighera

Hang out tonight – I go into some detail with the MA’s and today’s trading. Wednesday’s trade fell right into the current count with yesterday’s high at 4631 being the completion point for the minute wave 3 with today’s action tracing out most of, if not all of minute wave 4.  The rally back off the 4575 low got the ES back to the hourly 50 MA with the getting a boost into the close.  I’m leaving open the potential that the ES will do one more dip to 4575’ish before again boosting itself back above 4600.  The ES is getting closer to (IMHO) the top of Intermediate wave 2 – which suggests we are getting really close to the midterm top.  The zone given in the video should be seen at some point between tomorrow and Friday.


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