Elliott Wave Analysis: S&P500 Intraday View


Stocks turned lower in the last few sessions with S&P500 futures contract falling to 2110/2115 area where we think market could be looking for some support as we see price trading to the lower side of a trading range. Also we see five sub-waves down from 2163 which suggests a bounce in minimum three legs up in the near-term.

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S&P500, 1H


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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.