• 13 hours Are More Stock Splits On The Horizon In The Tech Sector?
  • 17 hours How COVID-19 Could Change Elections Forever
  • 1 day Mexico Kickstarts War On Junk Food
  • 2 days How America Could Go Green Right Now
  • 3 days Russian Prestige And American Politics: The COVID Vaccine Race
  • 3 days Is The Silver Rally Over Or Just Getting Started?
  • 4 days Alibaba-Backed Tesla Competitor Set To IPO In The U.S.
  • 4 days Emerging Economies Could Get Left Behind In Race For COVID Vaccine
  • 4 days Dead Malls Could Be Amazon’s Next Target
  • 5 days Unpacking Biden's Energy Plan
  • 5 days Russia Aims To Become World's Top Gold Producer
  • 5 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 6 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 6 days COVID Has Sparked A Surge In Cybercrime
  • 7 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 7 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 8 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 8 days Markets Up On Stimulus Hope
  • 9 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 9 days TikTok Takes Center Stage In US-China Tech War
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

SP E-Mini (ES_F) Short-Term Elliott Wave Analysis

Decline to 2057.23 completed wave X. Wave ((w)) rally from this level is unfolding in the form of a double correction (w)-(x)-(y). Wave (w) of ((w)) took the form of a double correction w-x-y and ended at 2113.5. Wave (x) of ((w)) also took the form of a double correction w-x-y and ended at 2079.25. Wave (y) of ((w)) is currently in progress towards 2136.43 - 2149.86 and is taking the form of a triple correction w-x-y-x-z where wave w ended at 2106.5, wave x ended at 2091.5, wave y ended at 2122.5, second wave x ended at 2112.25, and wave z is in progress towards 2136.43 - 2149.86 to complete wave ((w)).

Expect some profit taking from 2136.43 - 2149.86 area and the Index to pullback 3 waves lower in wave ((x)) to correct the rally from 2057.23. We do not like selling the proposed wave ((x)) pullback. We expect buyers to come again for the next leg higher once wave ((x)) pullback is complete.

S&P E-Mini Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here (URL: ) and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment