Elliott Wave Analysis on German DAX and S&P500

German DAX

The stock market remains bearish for now, probably to retest lows from Friday, where a spike may occur before a bigger uptrend resumes. On DAX, we see the market moving very slowly for the last few days, so we assume it’s the final wave down in wave C that belongs to a big flat correction. As such, the downside is expected to be limited at 10200-10300 area.

German DAX, 1H

S&P500

We have the same view on S&P500 where the price may drop to 2080-2090 area to complete a downside reversal of a big correction.

S&P500, 30Min

Get the 5 most predictable currency pairs^[1]

References

1. ^{^} Get the 5 most predictable currency pairs (www.forexcrunch.com)

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/M2YbC8JFt2s/

from Online Forex Trading Resource http://its-veso.tumblr.com/post/150440253987