Sun, Feb 05, 2023 @ 17:05 GMT
HomeContributorsTechnical AnalysisIs S&P500 Going to Rise or Fall? - Elliott Wave Analysis

Is S&P500 Going to Rise or Fall? – Elliott Wave Analysis

E-mini S&P500 is turning up from very important levels this week, so at this stage, the key to be on the right track is to observe the price action on a lower time frame. Here is a 30min chart of SP500 futures where the rise is only in three waves at the moment, but if this rise continues and unfolds a five wave move then we know where we to go from here; UP! However, if from any reason a fall occurs from current levels back to 2629 level then bearish trend should resume.

S&P500, 30Min

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading