"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 14 hours Is This The Death Of The iPhone X?
  • 15 hours Is London Still The Financial Capital Of The World?
  • 16 hours Is Gold Staging A Comeback?
  • 17 hours The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 18 hours Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 20 hours Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 22 hours Is Silver Poised For A Massive Break Out?
  • 2 days Meet The Hedge Fund Billionaires Club
  • 2 days The Next Housing Crisis Could Be Right Around The Corner
  • 2 days Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 2 days Africa’s Fastest Growing Economy
  • 2 days The Blockchain Boom Hits The Utilities Sector
  • 2 days Why Smart Money Is Selling Off Right Before The Bell
  • 2 days Tech Giants Rally Ahead Of Earnings Reports
  • 3 days Global Debt Hits 225% Of GDP
  • 3 days The World’s First Trillionaire Will Be A Space Miner
  • 3 days How Student Debt Could Cause The Next Real Estate Crisis
  • 3 days This $550 Billion Industry Is Betting On Bitcoin
  • 3 days One Commodity Set To Soar On Russian Sanctions
  • 3 days China’s New Car-Market Rules
Is This The Death Of The iPhone X?

Is This The Death Of The iPhone X?

Apple’s stock has slipped more…

Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Elliott Wave Analysis: SP500; and Crude OIL

S&P500

E-mini S&P500 is moving sideways with a contracting range which is tighter and tighter so breakout is going to occur soon. Technically we expect a push to a new high since we know that triangles are continuation patterns. That said, watch out for 2273 bullish level which can be an important breakout point this week for bulls. On the downside we see 2248 as very important.

S&P500, 1H

S&P500 1-Hour Chart


Crude OIL

Decline on crude oil below 52.66 suggests that rally from Jan 18 low was only a temporary three wave bounce, now labeled as wave E of a bearish triangle. The reason why we changed the view to a temporary bearish mode is also a five wave reversal from 53.67 which means that bears can be in control for a few days. Rise back above 53.67 would be a new bullish evidence for this energy.

Crude OIL, 30Min

Crude Oil 30-Minute Chart

 


EW-Forecast.com has a special offer available on yearly membership, with 31% OFF.
Visite http://www.ew-forecast.com/service for details

 

Back to homepage

Leave a comment

Leave a comment