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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

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Elliott Wave Financial Service
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