Elliott Wave Forecast

S&P 500 E-Mini (ES_F) Forecasting the Bounce From the Extreme Zone

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Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of S&P 500 E-Mini (ES_F) Futures published in members area of the website.  Our members know ES_F completed cycle from the 4964 low as a 5 waves pattern. Currently the futures is giving us correction against the mentioned low.  In this discussion, we’ll break down the Elliott Wave pattern and forecast.

ES_F Elliott Wave 1  Hour  Chart 05.31.2024

ES_F reached extreme zone from the 5369.47 peak at 5244.9-5186.7 area. The futures shows clear 5 waves from the high, suggesting pull back is unfolding as Elliott Wave Zig Zag pattern. ES_F is about to complete first leg ((a)) black of 2 red.  We expect rally in wave ((b)) to happen any moment. We recommend members to avoid selling the futures and keep favoring the long side.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

ES_F

ES_F Elliott Wave 1  Hour  Chart 06.02.2024

ES_F found buyers at the extreme zone as expected. The index has reacted strongly from the Equal Legs Area.  Rally from the low looks impulsive, which suggests we are about to complete first leg of wave ((b)) recovery, which is also unfolding as Elliott Wave Zig Zag pattern. As far as the pivot at 5368.81 pivot holds, another leg down can be see once ((b)) black completes.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ES_F

Elliott Wave Forecast

Thank you for exploring our analysis of ES_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

SPX E-Mini (ES_F) Elliott Wave: Unveiling the Blue Box Buying Strategy

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Hello fellow traders,

In this technical article, we are excited to present another recent Elliott Wave trading setup. Our focus is on the SPX E-Mini (ES_F) futures, which have recently given us a clear three-wave pullback, unfolded as an Elliott Wave Zig Zag pattern. Notably, ES_F completed this correction precisely at the Equal Legs zone, commonly referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

ES_F Elliott Wave 1  Hour  London Chart 04.02.2024

The decline from the peak looks like a 5-wave structure, suggesting that the pullback is still underway. We assume that the correction is unfolding as an Elliott Wave Zig Zag, awaiting confirmation of another leg down (c) of ((ii)) ideally. We do not recommend selling ES_F ; instead, we prefer positioning ourselves on the long side if an opportunity arises.

ES_F

ES_F Elliott Wave 1  Hour  Midday Chart 04.02.2024

We’ve seen another leg down as expected. The price has hit our target area, the blue box zone at 5248.69-5216.4. We’re entering long positions within the Blue Box. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this area. Once the price touches the 50 fibs against the (b) blue connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5216.4 would invalidate the trade.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

ES_F

ES_F Elliott Wave 1  Hour  Asia Chart 04.04.2024

ES_F has found buyers and is showing a nice reaction from the Buying Zone. We count the pullback ((iv)) black as completed at the 5235 low. Consequently, long positions should now be risk-free. We are anticipating a break of the ((iii)) black peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5235 low, the futures will open up the possibility for a 7-swing pattern. In that case, long positions will be stopped out, and we will look to buy the dips again at the next set of equal legs.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ES_F

Elliott Wave Forecast

Thank you for exploring our Trading Setup of ES_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

Elliott Wave View: S&P 500 E-Mini Futures (ES) Resumes Higher

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S&P 500 E-Mini Futures (ES) rally from February 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 1  low, wave 1 ended at 3959.25 and pullback in wave 2 ended at 3720.5. The Index extends higher in wave 3 towards 4211 as the 45 minutes Elliott Wave chart below shows. Wave 4 pullback is proposed complete at 4120.4. The Index still needs to break above wave 3 at 4211 to avoid a double correction.

Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4168. Wave ((b)) correction ended at 4184.5 as a running triangle. Wave (a) of the triangle ended at 4209, wave (b) at 4167.25, wave (c) at 4202.5, wave (d) at 4171, and wave (e) of ((b)) ended at 4184.50. Index then resumed lower in wave ((c)) and completed wave 4 at 4120.41. Index has turned higher in wave 5. Up from wave 4, wave ((i)) ended at 4179 and pullback in wave ((ii)) is unfolding as an expanded flat. Near term, as far as pivot at 4120.4 low remains intact, expect dips to find support for further upside.

ES 45 Minutes Elliott Wave Chart

S&P 500 E-Mini Futures (ES) Elliott Wave Video

Elliott Wave View: S&P 500 E-Mini Futures (ES) Ready for New All-Time High

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Short term Elliott wave view in S&P 500 E-mini Futures (ES) suggests the rally from March 5 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from March 5 low, wave ((i)) ended at 3978.5 and dips in wave ((ii)) ended at 3843.25. Index resumes higher in wave ((iii)) towards 4183.50 and pullback in wave ((iv)) ended at 4110.75.

Internal of wave ((iv)) unfolded as a double zigzag structure. Down from wave ((iii)), wave a ended at 4160.75, wave b ended at 4174.75, and wave c ended at 4141.75. This completed wave (w) of the double zigzag. Bounce in wave (x) ended at 4167.25. Down from there, another zigzag formed where wave a ended at 4131, wave b ended at 4151, and wave c ended at 4109.94. This completed wave (y) of the double zigzag and also wave ((iv)) in higher degree.

Index completed wave ((iv)) at the blue box where wave (y) = 100% – 161.8% Fibonacci extension of wave (w). The short term rally looks impulsive so far favoring further upside. Up from wave ((iv)), wave i ended at 4132.25 and dips in wave ii ended at 4114.75. Index then resumes higher in wave iii towards 4167.25 and wave iv ended at 4153.5. Expect 1 more push higher to end wave v of (i). Index should then pullback in wave (ii) to correct cycle from April 20 low before the rally resumes. As far as pivot at 4109.94 stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.

S&P 500 E-Mini Futures 45 Minutes Elliott Wave Chart

S&P 500 E-mini Futures (ES) Elliott Wave

S&P 500 E-Mini Futures (ES) Elliott Wave Video

Elliott Wave View: S&P 500 (SPX) Rally Should Resume

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Short term Elliott wave view in S&P 500 (SPX) suggests the rally from March 5, 2021 low is unfolding as a 5 waves impulsive structure. Up from March 5 low, wave ((i)) ended at 3983.87 and wave ((ii)) pullback ended at 3853.50. Internal of wave ((ii)) unfolded as a double three where wave (w) ended at 3886.75, wave (x) ended at 3955.31, and wave (y) ended at 3853.50.

Index then resumed higher in wave ((iii)) which subdivides into another impulsive structure in lesser degree. Up from wave ((ii)) low, wave (i) ended at 3981.83 and wave (ii) pullback ended at 3944.04. Index resumes higher again in wave (iii) towards 4086.23 and pullback in wave (iv) ended at 4068.14.

Near term, expect wave (v) of ((iii)) to end soon. Index should then pullback in wave ((iv)) to correct cycle from March 25 low before the rally resumes. Wave ((iv)) pullback should ideally reaches 23.6 – 38.2% Fibonacci retracement of wave ((iii)). The pullback area can start to be measured once we know where wave ((iii)) ends. As far as wave ((ii)) pivot at 3853.50 remains intact, expect pullback to continue finding support in 3, 7, or 11 swing for further upside. The right side in the Index remains higher (bullish).

SPX 1 Hour Elliott Wave Chart

SPX Elliott WaveS&P 500 (SPX) Elliott Wave Video

Elliott Wave View: S&P E-Mini Futures (ES) Resumes Higher

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Elliott Wave View suggests that since forming the low in March 2020, S&P E-Mini Futures (ES) has rallied in an impulse Elliott Wave structure. Rally to 3959.25 ended wave ((3)) and pullback in wave ((4)) is proposed complete at 3721.55 as a double three structure. Down from wave ((3)), wave (W) ended at 3804.75, rally in wave (X) ended at 3934.50, and decline to 3721.55 ended wave (Y).  Index ended wave ((4)) at the 100% – 161.8% Fibonacci extension from wave ((3)) high at 3683.81 – 3779.53 blue box area.

Index has since rallied higher from the blue box area in wave ((5)). However, it still needs to break above wave ((3)) high at 3959.25 to rule out a double correction in wave ((4)). Up from wave ((3)), wave ((i)) ended at 3814.50 and pullback to wave ((ii)) ended at 3728.50. Index then rallied higher again in wave ((iii)) towards 3866.25 and pullback in wave ((iv)) ended at 3796.25. Final leg higher wave ((v)) ended at 3878.75 which also completed wave 1. Near term, while pullback stays above March 5 low (37321.5) in the first degree, expect dips to find support for more upside.

S&P 500 E-Mini Futures (ES) 45 Minutes Elliott Wave Chart

S&P E-Mini Future Elliott Wave Chart

S&P E-Mini Futures (ES) Elliott Wave Video