{lang: 'en-US'} S&P500 Futures H4 & Daily Update ~ ElliottFxTrader Blog

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Saturday, 6 October 2012

S&P500 Futures H4 & Daily Update

For the bears: H4 count  shows that we might go higher to complete wave (c) before any movement down.

For the bulls: Daily Elliott Wave oscilator did not crossed the zero line yet so we might expect more upside to come as a wave 5 of wave 3. It is however quite tricky right now to point out any good level where wave 5 might end. My Fibo Expansion shows first level on 1491, where wave3= 2x wave1. But with another projection we might go as high as 1500 easy.


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