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Elliott Wave Charting: S&P Futures

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Elliott Wave Charting: S&P Futures

The S/P wave count is showing an impulsive bullish structure from the 1040 lows, since the decline from 1147 top to 1040 lows was a correction labeled as a (NYSE:W)-(NYSE:X)-(NYSE:Y), shown in a black wave B.

An impulsive structure is a five wave move that suggests a turning point will be seen once these five waves are finished. On the chart below we are looking for an impulsive black wave C with a sub-wave (5) in process which is searching for a top and may finish very soon.

TheLFB S-PTheLFB Charting: S&P Futures Daily view

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