• 702 days Will The ECB Continue To Hike Rates?
  • 702 days Forbes: Aramco Remains Largest Company In The Middle East
  • 704 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,104 days Could Crypto Overtake Traditional Investment?
  • 1,109 days Americans Still Quitting Jobs At Record Pace
  • 1,111 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,114 days Is The Dollar Too Strong?
  • 1,114 days Big Tech Disappoints Investors on Earnings Calls
  • 1,115 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,116 days China Is Quietly Trying To Distance Itself From Russia
  • 1,117 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,121 days Crypto Investors Won Big In 2021
  • 1,121 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,122 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,124 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,125 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,128 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,129 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,129 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,131 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…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On AUDUSD And SP500

AUDUSD

Aussie is moving higher, now at a new high of the day so we see price in wave five, final leg of an impulsive wave C that can be looking for a top at 0.7550-0.7600 area. Ideally, pair will turn south in impulsive fashion from there and fall beneath 0.7492 which should put pair back in bearish mode.

AUDUSD, 1H

AUD/USD 1-Hour Chart


S&P500

E-mini S&P500 is in a fourth wave, but seems like we have to deal with a triangle formation after current turn up that looks like a wave D. Triangles are continuations patterns so we think that more gains should follow after wave E pullback. We definitely stay bullish on US stocks, and will look for rally up to to 2180/2190 area in days ahead.

S&P500, 1H

S&P500 1-Hour Chart

 


Interested in our services ? Visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment