Sunday, June 19, 2016

S&P Futures Wave Analysis

S&P Futures

Here is an updated chart from my last post on the S&Ps.  It has following my projected path so far, so let's see how it continues to unfold.  The larger trend is down, so surprises will be to the downside.  I do favor a push higher to complete wave (ii) although it is not required.  Also, remember that I have a VIX buy signal registered from last week I illustrated in a previous post.  It was on the 130 minute chart (1/3 cash session), which also supports a rally to complete wave (ii) as well.

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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.

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