Thursday, April 10, 2014

S&P 500: Bearish Reversal

By: Gregor_Horvat

S&P 500 found a support in the last 48 hours after a completed impulse decline from 1892. As such, current rally can be sharp corrective recovery that should then find a top somewhere around 1865/1870 zone. A reversal from here and back to 1844 would be a strong and important evidence for a downtrend continuation to a new swing low and possibly even to 1800.

S&P 500 4h Elliott Wave Analysis

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