Market Overview

Elliott Wave Review on DJIA And S&P500

Stock market indices did not go far recently so bullish trend remains intact. On DJIA futures we see some overlapping price action in this latest decline which looks like a fourth wave so be aware of a push up in five in the next 24 hours. Support is seen at former wave four, at 16095 while invalidation level stands at 16010.
DJIA (Mar 2014) 30min Elliott Wave Analysis

djia elliott wave

S&P500 futures market is moving sideways, mostly like trapped in wave iv range, probably a triangle that suggests another push to the highs; 1845/50.
S&P500 (Mar 2014) 1h Elliott Wave Analysis

spx elliott wave

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Posted-In: Technicals Markets Trading Ideas

 

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