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

  • 15 hours Vladimir Putin’s Mysterious Fortune
  • 16 hours Cryptos Resist Social Media Crackdown
  • 17 hours The Death Of Dodd-Frank
  • 18 hours Bitcoin Bounces Back Ahead Of G20 Meeting
  • 19 hours Trump's Trade War Nears Boiling Point
  • 21 hours Will April Be A Turning Point For Precious Metals?
  • 22 hours Economic Pressures Weigh On Banks And Borrowers
  • 24 hours U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 2 days Gold: The Religion Of Currency
  • 3 days Economists Polarized On Trump’s Tariff Plan
  • 4 days Why Are Investors Overlooking Gold Stocks?
  • 4 days The App That Democratized Trading Is Now Worth $5B
  • 4 days Super-Cycles: Why Gold Is Set For A Breakout
  • 4 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 4 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 4 days How Low Can Bitcoin Go?
  • 4 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 4 days Is Barrick Gold Close To Finding A Bottom?
  • 5 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 5 days China: The Land Of The Ultra-Rich
What Killed Toys ‘R’ Us?

What Killed Toys ‘R’ Us?

In another blow for America’s…

Economists Polarized On Trump’s Tariff Plan

Economists Polarized On Trump’s Tariff Plan

Economists are polarized on Trump’s…



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…

More Info

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

In our previous Chart of The Day at 5/21/2015, we said that the rally from wave X low (2057.41) took the form of a double correction (w)-(x)-(y) and the whole rally is complete as wave ((w)) at 2134. We also said wave ((x)) pullback is in progress to correct the rally from 2057.41 low towards an ideal target area of 2086.64 - 2095.66 (50 - 61.8 back) before the Index resumes the rally again.

Since our last update, current preferred Elliott wave view suggests the rally from wave X low at 2057.41 is instead unfolding in the form of a triple correction ((w))-((x))-((y))-((x))-((z)), where wave ((w)) ended at 2113.5, wave ((x)) ended at 2079.25, and wave ((y)) ended at 2134. Second wave ((x)) pullback is currently in progress towards 2101.09 - 2113.03 before the Index turns higher in wave ((z)). We do not like selling the proposed wave ((x)) pullback. Once wave ((x)) pullback is complete in 3, 7, or 11 swings, buyers are expected to come again and push the Index higher provided pivot at X (2057.41) low remains intact.

S&P500 E-Mini Short-Term Elliott Wave Analysis Chart


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

Sign Up For The Safehaven Newsletter