This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Monday, July 21, 2008
S&P Futures 1 Hour Chart
And finally, I’ve posted the S&P futures hourly chart. Here you can see my wave count up close for this rally. I have it labeled as an a-b-c correction in wave iv. Once this bear market rally is complete, probably early Monday and under 1280, the market will fall in wave v of 1 to a new low beneath 1200.
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