Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Chart of the Day: S&P Futures Long Correction


 

TheLFB NewsTheLFB-Forex.com A Forex Trader Portal

Chart of the Day:

S&P Futures

S&P futures are trading higher, away from the lows that were reached in the past week.

The market is now trading in a Long, red wave a leg, which is the first wave of larger, black corrective wave II). The current wave a may find its highs somewhere around the 1105 zone from where a small, Short corrective wave b should appear.     Once a wave b) is complete, a push higher towards the 1120 zone with the wave c leg will be expected.

TheLFB Charting: S&P 4h view

If you would like to be a part of TheLFB.com, to receive a full Elliott wave detail for S&P futures, and if you want to know what comes next and what to expect from the market, then join us now.

Follow Elliott Wave charts and updates on twitter

Trade Signals and Plans Straight Off The Meta 4 Charts- Get TheLFB Trader Advantage



Disclosure: No pos.