![\"\"](\"https:\/\/lh5.googleusercontent.com\/T2tOaqwDIc7dGbR1fRCaSYTQxdNhFtKMFYL9H162vq6IfPZXwmkQufsqkbhJ08WkeFPa8vA7CSU2HIGDhPRC0LsrBy1UR5DPv1IZlVBgNHRTy_leglRamOBo4NERU4ClTIYTdCAi-9I\")
<\/p>\nS&P500 has turned nicely to the downside in the last 24 hours from 1865\/1870 resistance area where wave 2\/B completed a corrective rally. Market already reached a new swing low but based on downside fib. projections we see room for a decline to 1800\/10 level as minimum target on the bearish side.<\/p>\n
S&P500 4h Elliott Wave Analysis<\/p>\n
Crude oil exceeded 102.20 swing high which makes rally from 97.00 more complex but still corrective. We are looking at a three wave move with a triangle placed in wave b), so current leg from 99.87 can be wave c), final leg within a corrective advance, so traders should be aware of a bearish reversal. An impulsive sell-off back to 101.50 will be an important sing for a completed recovery. In that case we would be looking for short opportunities again.<\/p>\n
Crude OIL 4h Elliott Wave Analysis<\/p>\n
![\"\"](\"https:\/\/lh6.googleusercontent.com\/2Oc-qSj0qVtTOZ5Jbp9EpeUEsMqeRVmAKiPi1hXj4QC092NJ3Pp3sr911rdRsduDyTjvqqs02QBsQV5mUfr4XM73R5ZBoEBevPRHuS0aDMGtiDUOgJ4woXgR88v7xjMnCBMxSSNcggA\")
Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we think that rally from the low is temporary; ideally it’s wave (b) that is part of a larger downtrend. We see price now moving into 1320-1342 reversal zone from where a new sell-off may occur. A decline in impulsive fashion will confirm a downtrend continuation for this market.<\/p>\n
GOLD 4h Elliott Wave Analysis<\/p>\n
![\"\"](\"https:\/\/lh3.googleusercontent.com\/kiGpqwpfv7qHxCv0LTs555QABZYI5dQaU4WiR0Pc2fni8bmauD0rQQZ_zRBBLrmM5XUr-Nq6S8UY3YCpgy0SK5IsT1-5k4i4GIE0Ms2TjAhTviVzl4ygs5d0z_zca7mvXZGO0vwl2Sw\")
Interested in our analysis? Get now 1 month of full service for just 1\u20ac. http:\/\/www.ew-forecast.com\/service<\/a><\/p>\n Like To Learn Elliott Wave ? View the recorded webinar \u201c Elliott Wave Live Market Analysis<\/a>\u201d<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" S&P500 has turned nicely to the downside in the last 24 hours from 1865\/1870 resistance area where wave 2\/B completed a corrective rally. Market already reached a new swing low but based on downside fib. projections we see room for a decline to 1800\/10 level as minimum target on the bearish side. S&P500 4h Elliott … <\/p>\n