E-mini S&P500 hit our minimum target perfectly yesterday around 2078 from where we have seen a short-term retracement but not below 2068 which means that bullish count remains valid as this set-back appears to be wave four that now suggests more upside for wave v, maybe even to 2100 where we see ideal target for extended black wave 3.
S&P500, 30Min
Advertisement
Enjoy 10 days of daily forecast based on Elliott Wave Analysis
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
EUR/USD holds near 1.0500 after EU PMI data
EUR/USD fluctuates in a narrow channel at around 1.0500 on Monday after EU PMI data came in better than expected. ECB President Lagarde reiterated that they will continue to cut rates if data confirm disinflation is on track. Market focus shifts to US PMI data.
Bitcoin breaks all-time high above $106,000, triggers nearly $120 million in liquidations
Bitcoin hit a record high above $106,000 on Monday, after recent developments on President-elect Donald Trump’s strategic Bitcoin reserve and demand from institutional traders.
GBP/USD extends recovery beyond 1.2650 ahead of US data
GBP/USD gathers recovery momentum and trades above 1.2650 on Monday, supported by the UK PMI data that showed that the private sector continued to grow in early December. The US economic docket will feature flash PMI readings for December.
Gold price sticks to modest intraday gains above $2,650 amid mixed cues
Gold opens the week on a moderately positive tone, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.