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HomeContributorsTechnical AnalysisS&P500 Can Face Support Near 2530-2570 Region

S&P500 Can Face Support Near 2530-2570 Region

Elliott Wave Financial Service
By Elliott Wave Financial Service

Stocks rallied yesterday, with E-mini S&P500 futures turning up from 2583 quite aggressively, but when looking at this drop from 2813, I think we may see another dip down, especially if that’s going to be an ending diagonal; a perfect pattern that may cause a turn in trend later this week. Nice support remains at 2530-2570 region.

S&P500, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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