Crude oil is still trading to the upside towards $100 per barel. It seems that move from 96.20 is in five waves so we adjusted the wave count as market could already be making wave C, final leg of wave 4) that could turn down from 100-101 resistancea area.

OIL 4h Elliott Wave Analysis

E-mini S&P500 - Wave (v) In Progress

S&P500 is trading nicely higher from 1753 where we called end of a flat in wave (iv). Price is already at new all time highs so wave (v) is underway that should be made by five smaller waves. At the moment we see price at 261.8% extension level of wave i) so we think that sooner or later price will make a pullback in wave iv) before uptrend resumes up into five of five.

E-mini S&P500 4h Elliott Wave Analysis

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Ew-forecast.com is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power.

Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders.
He was working for Capital Forex Group and TheLFB.com. His featured articles have been published in: Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu. He mostly focuses on currencies, gold, oil, and some major US indices.

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