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SPX Intra-Day Elliott Wave Analysis


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SPXIntra Day Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback is currently in progress as adouble three Elliott Wave structure. Down from 2597.02, Minor wave W of (4) ended at 2566.33 and Minor wave X of (4) ended at 2587.66. While staying below 2597.02, expect the Index to continue lower towards 2538 2557 area to finish Intermediate wave (4) before Index resumes the rally or bounce in 3 waves at least. We dont like selling the Index and expect dip buyers to appear from the aforementioned area for at least a 3 waves bounce.

SPX 1 Hour Elliott Wave Analysis

SPX 16 Nov



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ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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