#SP500 = Daily Analysis = 23.08.2022 #SPX $SPY #SPY #ES_F $SPX $IWM $QQQ $DIA #Nasdaq #DJIA #RUT

Last week SPX was rejected at the upper boundary of the target forecasted on July 3rd and is expectedly falling this week. The big question now is what will happen next.

In this daily analysis, I will evaluate the candles that SP500 formed on multiple frames, compare them to the candle formations in other major US indices. We will discuss technical events on different frames and analyze the long- and short-term perspectives for SP500 using Elliott Waves.

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