#SP500 = Daily Analysis = 16.08.2022 #SPX $SPY #SPY #ES_F $SPX $IWM $QQQ $DIA #Nasdaq #DJIA #RUT

SPX reached the upper boundary of the target forecasted on July 3rd and it is expected to pull back.

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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