• 722 days Will The ECB Continue To Hike Rates?
  • 722 days Forbes: Aramco Remains Largest Company In The Middle East
  • 724 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,124 days Could Crypto Overtake Traditional Investment?
  • 1,129 days Americans Still Quitting Jobs At Record Pace
  • 1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,134 days Is The Dollar Too Strong?
  • 1,134 days Big Tech Disappoints Investors on Earnings Calls
  • 1,135 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,137 days China Is Quietly Trying To Distance Itself From Russia
  • 1,137 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,141 days Crypto Investors Won Big In 2021
  • 1,141 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,142 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,144 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,148 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,149 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,151 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Intraday Elliott Wave Analysis For EURUSD And SP Futures

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.


EURUSD 1h

EUR/USD 1-Hour Chart

 


Written by www.ew-forecast.com | Try EW-Forecast.com's Services Free For 7 Days >>> http://www.ew-forecast.com/service

 

Back to homepage

Leave a comment

Leave a comment