S&P500: Elliott Wave comment at 13th of August

S&P500 seems to have started the terrible third wave down. Support breakdown of 1266 (daily close) will be the confirmation. Now the worst seems to be coming: stay tuned and beware! Target for this downward wave 3 is very far from here!

S&P/MIB should be drag by S&P500 and support at 26.400 should be reached and, maybe, crossed down.

For Elliott Wave counting, further details, targets, setup dates and technical charts, please refer to my S&P500 Weekly Report. As soon as possible I will update my Weekly Reports!

I will be on holiday until 31st of August. My blog will be updated sometimes, but not very frequently. Anyway, stay tuned and have a nice holiday!

Humanitas, Felicitas et Libertas omnibus!