• 10 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 13 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 16 hours First Quarter Profits Slip For World's Top Oil Companies
  • 18 hours The Yuan May Be China's Biggest Weakness
  • 1 day Hedge Funds Having A Banner Year
  • 2 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 2 days BHP Turns Bullish On EVs
  • 2 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 3 days Huawei’s Fate In The Air
  • 3 days Tesla Slashes Prices Again
  • 3 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 4 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 4 days Researchers Push To Limit Space Mining
  • 4 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 5 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 6 days Gold Mining Stocks Stuck In Limbo
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For E-mini SP500

Current three waves up from the low is not telling us a lot as this rally can be wave 4) of a bearish impulse, or it can be start of a new larger recovery back to around 2050-2100 area. Seems like we will have to wait either on 1923 break (daily close price) that will put new bearish leg in play, or on overlap with 2056 when price will confirm a bullish turn for the S&P500.

S&P500 4h Elliott Wave Analysis

S&P500 4-Hour Elliott Wave Analysis Chart

On intraday chart S&P500 made an overlap with 1923 with recent weakness which suggests that stocks could be headed lower again as rally from last week was made only in three waves. However, I would love to see a daily close price before we can confirm weakness. For the S&P500 the US trading hours will be important. US cash market just opened with S&P500, DOW and NASDAQ down nearly 2%.

S&P500 (Sep 2015) 1-Hour Elliott Wave Analysis

S&P500 (Sep 2015) 1h 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
Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> http://goo.gl/0KctEr

 

Back to homepage

Leave a comment

Leave a comment