Tuesday, September 27, 2016

S&P Futures Wave Count

S&P Futures

The stock market and forex spot have been quite signal free ans opporunity free for about a month.  But with the US presidential election heating hp, and traders back their desks after summer break, I'm expecting things to pickup.

The S&P appears to be in the early stages of a manor bull run, although only 3 waves up have printed so far, so the bull run is far from confirmed.  In the short term, look for (c) of ((2)) to pull price down to around the 2100 level. Price action around that level should give us a clue of what is next.

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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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