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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 Looks Toward 1900: Elliott Wave Analysis  0 comments
    May 2, 2014 4:53 AM

    As expected, the S&P500 has found a support around 1846-1855 area that we highlighted it at the start of the week. We have seen a nice three wave retracement into that zone where market turned bullish again and already touched 1882 swing high from a week back. Based on current development we see a completed wave (b)/(ii) at 1843 so uptrend may resume in sessions ahead towards 1900.

    S&P500 4h Elliott Wave Analysis

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