"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 17 hours Why The Next Oil Boom Will Be Fueled By Blockchain
  • 20 hours 5 Things Investors Should Know About China this New Year
  • 22 hours Is The South Korean Crypto-Drama Finally Over?
  • 23 hours Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 1 day Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 1 day The End Is Near
  • 2 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 2 days Irredeemable Currency De-tooths Savers
  • 2 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 2 days Have You Been Getting Run Over By This Stock Market Action?
  • 2 days Decision Time
  • 2 days 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
  • 3 days The Most Polarized Commodity Ever
  • 3 days Commodity Coins and Us: What To Expect From The "Tokenization of Everything"
  • 3 days U.S. Dollar Bull and Bear Markets
  • 3 days GLD May Not Yet Be Ready To Break Out
  • 5 days Permanent Market Support Operations
  • 6 days Bitcoin Was Only The Beginning…
  • 7 days Signs of the Times
  • 7 days Oversold XLE into Seasonal Low
Oversold XLE into Seasonal Low

Oversold XLE into Seasonal Low

A 40% to 50% retracement…

U.S. Dollar Bull and Bear Markets

U.S. Dollar Bull and Bear Markets

The idea of endlessly repeated…

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…

More Info

E-mini SP500 And Crude OIL Intraday Elliott Wave Outlook

Staying with a dirrection of a trend should be the most important for traders and analysts. So despite a five wave down on the S&P 500 I am tracking a corrective price action, called an expanded flat where wave c is made by five waves. So if my interpretation is correct then we will see a bounce from around 1791-1795 zone. If we go down to 1775 then then is most likely not a flat. Guys, I will be back with you later, at the start of the New York session.

S&P500 (Dec 2013) 1h Elliott Wave Analysis

S&P500 1-Hour Chart

Recent leg to a new low on Crude Oil was made in three legs which is a structure of a corrective pattern, so we think that wave 4 from Nov 14 is still unfolding. We are now observing idea of a running traingle with wave (c) underway that is expected to stop around 94.60-95.00 region.

Crude Oil (Jan 2014) 1hElliott Wave Analysis

Crude Oil 1-Hour Chart

 


Written by www.ew-forecast.com
14-Day Free Trial

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story