The US stocks were firstly down yesterday but then turned bullish at the second part of the session. As you know, to me the most important is a close price of the day which was with the bullish sentiment after 20 point rally on the E-mini S&P. This tells me that bulls are stronger than bears so we can expect a resumption of that move in sessions ahead. On the updated count we see three legs down to 1843 followed by current minor push above the upper line of a corrective channel that suggests higher prices; ideally a revisit of 1882 in this week.
S&P 500 (June 2014) 1h Elliott Wave Analysis
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