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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • E-Mini S&P500 Looks To Complete The Five Wave Rally: Elliott Wave  0 comments
    Nov 26, 2013 4:20 AM

    S&P Futures are at new highs which has been expected after only three wave retracement back to 1774 last week, labeled as black wave iv. This black wave iv is part of a five wave rally which means that price is now in final stages of current impulse so correction could occur in this week. This can happen from around current levels where wave v equals to wave i, or it can be from the second projected level 1825 (261.8% extension of wave i). A divergence on the RSI also suggests a coming reversal in price.

    E-mini S&P500 4h Elliott Wave Analysis

    (click to enlarge)

    Written by www.ew-forecast.com

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