Monday, March 14, 2016

Elliott Wave Index Futures



Looks like some soft pullback will occur here. I'm looking at the prior 4th waves in conjunction with Fibonacci retracement levels 23% and 38%.  The rolling over nature of the correction so far could be a concern if it's indicative of a sharp downward correction soon.  Until that happens, I'm looking for just some small pullback to the 1990-2000 area before the strong uptrend resumes.

Principle Analysis

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 PLEASE NOTE: THIS IS JUST AN ELLIOTT WAVE ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

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