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S&P: Elliott Wave Grand Supercyle

|Includes: SPDR S&P 500 Trust ETF (SPY)

Summary

S&P is bound to go up with a target of (rounded) 3020 to 3100.

I had drawn out the potential movement of the entire move on a weekly chart.

As usual, manage your risk according to obvious support and resistance.

S&P Elliott Wave Weekly 4th Jan 2018

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in SPY over the next 72 hours.

Additional disclosure: I will be trading using futures.