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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