Elliott Wave Analysis: S&P500 Intraday View


E-mini S&P500 turned up last week from 2248 where recent decline found a support after three subwaves down. This is a structure of a corrective price, maybe of a big triangle that may send prices higher after another short-term pullback down to 2260-2263 area, where broken channel line can turn into a support.

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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.