• 7 hours The “Oil Of The Future” Is Set To Soar In 2021
  • 10 hours Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
  • 19 hours Could This Be The Hottest Commodity Play Of 2021?
  • 1 day JP Morgan Says Fintech Will Steal The Disruptor Show
  • 3 days Facebook Plays Dirty Down Under
  • 4 days Could This Be The Most Exciting Lithium Play Of 2021?
  • 6 days China Sidelines US As EU’s New Top Trading Partner
  • 8 days 3 Smart Ways To Play the Global Chip Shortage
  • 9 days Flying Taxis Are The Number One Speculative Bull Arena
  • 10 days Ocean Power: The Missing Link
  • 15 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
  • 16 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
  • 17 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
  • 18 days The Biggest Tech IPO Since Uber … For Farmers
  • 20 days The Biggest Boost Yet for the Cannabis Industry
  • 21 days Biden Administration Signs $231 Million Deal For At Home COVID Tests
  • 22 days China’s Tech Billionaire Ma Is Back And ‘Compliant’
  • 23 days Gamestop Crashes By 60% But The Story Is Far From Over
  • 25 days Crypto Crime Is Plummeting
  • 27 days Small Oil Firm Gets Massive Wall Street Bets Bump
  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