SP500 and Crude OIL Intraday: Elliott Wave Analysis
E-mini S&P500 is slightly down for the past few hours but decline is slow and choppy so it looks corrective, probably wave 4 that is also moving into a nice support around near 2060-2055. Ideally bounce will follow from those levels in sessions ahead.
S&P 500 (Mar 2015) 30min Elliott Wave Analysis
If wave four on Crude oil is still in play, then there are only two scenarios left; it's either a triangle or a flat in progress. However, we prefer to see a rally to a new swing high, possibly up to $60 before contra-trend move is done.
CRUDE OIL (Feb 2014) 1h Elliott Wave Analysis
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Author: Gregor Horvat
Gregor Horvat
www.ew-forecast.com
Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of www.ew-forecast.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At www.ew-forecast.com he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.
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