S&P500: Elliott Wave comment at 5th of September

S&P500, S&P/MIB and oil: same trend, as stated in the previous post. Recession is beginning to make its effect on the market.

S&P500 is probably inside a third wave down, and S&P/MIB is terminating its fifth wave down. Break of 1366 for S&P500 has been fatal, and S&P/MIB has been dragged down, as I stated in my previous posts.

I have updated the S&P/MIB and also SP500 Weekly Report!

For Elliott Wave counting, further details, targets, setup dates and technical charts, please refer to my S&P500 and S&P/MIB Weekly Reports.

Humanitas, Felicitas et Libertas omnibus!