S&P500: Elliott Wave comment at 14th of August

S&P500 is probably involved in a tedious and annoying final wedge, final wave C of an ABC corrective wave. Probably this wedge will end in the area between 1320 and 1345 and then it will go down very fast.
Nasdaq100 is now the strongest american index, but it is now pulling against a great resistance at 1955. Very interesting above 1995-2000.
S&P/MIB is weak and if it holds support at 28.700 then it should go to 30.000 within the end of this month, at maximum. We are still inside a corrective movement.

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!