Intraday Elliott Wave Analysis For EURUSD And SP Futures

By: Gregor Horvat | Tue, Oct 8, 2013
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S&P Futures market is very slow for the last few days and quite undirrectinal. From an Elliott Wave perspective you will have hard times counting a decline as an impulse. So if it's not an impulse then it's probably corrective move, which in fact could be near complete as we are tracking an ending diagonal in wave (c) position. If we are correct then sooner or later prices will turn up, but ideally that will be from 1658/1660.

S&P Futures 1h

S&P500 1-Hour Futures Chart

EURUSD found some support in the last hour, now pushing towards 1.3600 region where we think it's nice resistance area for a three wave rally from 1.3536 low. An impulsive reversal back to 1.3570 will put wave (c) leg in action.


EUR/USD 1-Hour Chart


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

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