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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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  • S&P500 Elliott Wave Analysis: Corrective Retracement  0 comments
    Feb 20, 2014 9:42 AM

    S&P500 has moved to a new high yesterday but then turned sharply down from 1845-1850 area where we were projecting a top zone for a complete five wave rally from 1732. As such, current reversal down is start of a minimum three wave retracement. Ideally this will be a simple zigzag that will look for a support around 1790-1800 zone after a retracement of 38.2% compared to recent bullish run.

    S&P500 4h Elliott Wave Analysis

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    Themes: SPX, Elliott Wave
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