• 13 hours Hedge Funds Having A Banner Year
  • 16 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 19 hours BHP Turns Bullish On EVs
  • 21 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
  • 6 days Executive Order Targets Huawei Over Espionage
  • 6 days Why Now May Be The Best Time Ever To Hold Gold
  • 7 days Fake News Sinks Shares In UK-Based Bank
  • 7 days De Beers To Build $468 Million Diamond Recovery Ship
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: SP500 And GBPUSD

S&P500

US stocks are turning down at the start of the session, but based on slow and overlapping price action down from recent high on E-mini S&P500 contract, we think that downside is limited based on corrective look. Pullback is labeled as wave 4) which may find a support at 2192-2197 area in the next few sessions.

S&P500, 1h

S&P500 1-Hour Chart


GBPUSD

Cable bounced from 1.2388 with five waves which means that corrective flat formation can be finished in red wave 2), so more upside may follow on cable in sessions ahead, minimum towards 1.2600 based on of projection of equal legs.

GBPUSD, 1H

GBP/USD 1-Hour Chart

 


Interested in our services? Then visit our homepage at www.ew-forecast.com and take a glace at some of our charts. You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment