S&P futures initially slipped yesterday but managed to stabilize soon. Our primary outlook is that the ongoing turquoise wave B will continue to move higher, likely topping out just below resistance at 6,675 points. After that, we expect wave C to drive the index directly into the magenta long Target Zone between 6,082 and 5,650 points, where the low of the wave (4) correction should be established. From there, the impulsive wave (5) is expected to begin, pushing the index above the 6,675 points resistance and completing the broader blue wave (III). Alternatively, there is a 35% chance that the index could break out directly above 6,675 points without first reaching the magenta Target Zone. In this scenario, the index would already be forming the alternative wave alt.(5) in magenta.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.