Thursday, April 7, 2016

Elliott Wave Futures Signals - S&P ES

Elliott Wave Futures Signals - S&P ES

The stock market has played out as expected as the topping head and shoulders pattern is on the verge of being confirmed with a move below 2035.  The internal strength of the market has been weak for some time as my proprietary indicators shot off a high volume of sell signals with just a handful of bullish signals.  I've already cashed in on some of those bearish positions and will be looking to add more bearish stock positions as the opportunities arise.  For now, I see the S&P futures declining in wave (4) to the 1996-2014 area.  From there I will assess any bullish potential that may arise.

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