Elliott Wave Analysis On 10 Year US Notes And SP500

By: Gregor Horvat | Wed, Mar 23, 2016
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Chart of the 10 year US notes shall be the most important for now as price action is quite clear and suggests that wave (C) is due. We expect another leg up to around 130.50 area, so in the mean time yields will be lower which can keep stock market under pressure.


10 Year US Notes, 4H

US 10-Year Note 4-Hour Chart

In fact, the price personality of the last few days on the E-mini S&P500 also suggests that current uptrend is tired and that correction is coming. We are looking at completed ending diagonal that can send price down into an A-B-C set-back.


S&P500, 1H

S&P500 1-Hour Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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