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Decision Time

Decision Time

Last week, I mentioned that…

5 Big Drivers of Higher Inflation Rates Ahead

5 Big Drivers of Higher Inflation Rates Ahead

Investors got lulled into a…

Elliott Wave Analysis: GOLD and SP500 Intraday

S&P futures market reversing from the highs, but current downward leg can be part of a complex correction with support for wave c seen at 38.2 and 50% fib. levels. 1384 remains critical level; trend bullish above it.

S&P Futures (June 2014) 1h Elliott Wave Analysis

S&P Futures (June 2014) 1-Hour Elliott Wave Analysis Chart

That's deep pullback on GOLD from 1306 but because of overlaps and seven legs we see this move as corrective; ideally a double zigzag. Watch for a push above the trendline and 1297 swing that will confirm further bullish swings, back to 1306.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

 


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