Wednesday, March 23, 2016

Elliott Wave Futures Signals - S&P ES

Elliott Wave Futures Chart on ES

The S&P is testing channel line support right now in what is probably wave ((4)).  I expect a move higher from here to the middle line of the channel to complete wave ((5)) of iii.  A breakdown from here, and a strong daily close beneath channel line support, could signal something much more bearish in the works.

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