Elliott Wave - $ Index, S&P

$ Index Elliott Wave Analysis

Dollar index has traded one more time higher into a resistance zone where you will notice a black trend line and a 61.8% Fibo retrace. Now we should watch and wait for more data to see if this last move up is just a pullback of three waves, or if we have a new impulse on the way; approaching 90.

S&P Elliott Wave Analysis

Prices on the S&P are trading in the negative territory as mentioned over the weekend. We saw a pullback to the blue trend line that I have been talking about for more than a week now. Tomorrow we should see a bounce from this level, which will confirm our wave count on the eur/usd.

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