Category Archives: S&P 500

Elliott Wave Analysis: German DAX, S&P500 And NZDUSD

Grega Horvat

Stocks and XXX/JPY pairs gaped nicely higher during the weekend, and it looks that more gains may follow soon on equity markets. We are looking at both; DAX and E-mini S&P500 which can be headed much higher this week as we see recent downward corrections completed. Dax is in impulse up, ideally within wave 3) headed up to 12500-12550, while S&P500 can be underway to new all-time highs as we called end of a wave b set-back already on Friday. more…

ES_F E-Mini S&P500 Elliott Wave: Ending Wave (iii)

Daud Bhatti

Short Term Elliott Wave view in ES_F E-Mini S&P500 suggests the rally to 2403.75 ended Minor wave A. Minor wave B unfolded as an Expanded Flat Elliott Wave structure where Minute wave ((a)) ended at 2379, Minute wave ((b)) ended at 2404.5, and Minute wave ((c)) of B ended at 2344.5. After ending the pullback, the Index started a new leg higher and the rally from 2344.5 low looks to be unfolding as a 5 waves Elliott Wave impulse structure where Minutte wave (i) ended at 2375, Minutte wave (ii) ended at 2361, and Minutte wave (iii) remains in progress and can reach 2423.13 or 161.8% fibonacci extension of Minutte wave (i). Expect Minutte wave (iv) pullback to start once Minutte wave (iii) is over before turning higher one more leg in Minutte wave (v). This last push higher will also complete larger degree Minute wave ((i)) and as impulse, it should be accompanied with momentum divergence. more…

S&P 500: Santa Rally Still Elusive As Stocks, Oil Tumble

Fawad Razaqzada

After a positive start, European stocks and US index futures have given up their earlier gains, potentially setting the stage for another ugly day on Wall Street. Unsurprisingly, crude oil is also getting smashed once again after last week’s renewed selling that was triggered first and foremost by the OPEC removing its production quota and then a couple of bearish oil reports from the cartel itself and also the International Energy Agency, with the latter now expecting the excess supply surplus to be eliminated not before the end of 2016. more…