• 723 days Will The ECB Continue To Hike Rates?
  • 723 days Forbes: Aramco Remains Largest Company In The Middle East
  • 725 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,125 days Could Crypto Overtake Traditional Investment?
  • 1,129 days Americans Still Quitting Jobs At Record Pace
  • 1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,134 days Is The Dollar Too Strong?
  • 1,135 days Big Tech Disappoints Investors on Earnings Calls
  • 1,136 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,137 days China Is Quietly Trying To Distance Itself From Russia
  • 1,138 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,142 days Crypto Investors Won Big In 2021
  • 1,142 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,143 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,145 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,149 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,150 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,152 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Stocks Indexes Are Down Today- Looking At SP500 and German DAX

E-mini S&P500 is also falling with German DAX, now breaking the support channel line, so it appears that big triangle on the S&P500 is still in play. On the intraday chart below we are tracking wave E) that can move into 2060-2070 support area this week. We expect a bounce from that region after a three wave set-back.

S&P500 (Sep 2015) 30min Elliott Wave Analysis

S&P500 (Sep 2015) 30-minute Elliott Wave Analysis Chart

Stocks indexes are down today, with DAX breaking towards 10800 area which has been in view for the last few days as we anticipated a fifth wave down, final leg that can complete a larger impulsive decline this week. As such, we need to be aware of a bounce in days ahead, maybe already from around current levels as price trades into some important Fibonacci support zone.

DAX (Sep 2015) 1h Elliott Wave Analysis

DAX (Sep 2015) 1-hour Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment