Short-Term Weakness On Indices: SP500 And Nikkei Elliott Wave Analysis

By: Gregor Horvat | Tue, Mar 25, 2014
Print Email

The US stocks were moving lower yesterday with the E-mini S&P500 down to 1841 level. Since then market recovered a few points but it looks like it can be a correction within ongoing downtrend. Intraday trend is down as long as 1865 holds.

S&P500 (June 2014) 30min Elliott Wave Analysis

S&P500 (June 2014) 30-minute Elliott Wave Analysis Chart

From a risk-off perspective we see much clearer pattern on Nikkei futures. We see three waves up and done, followed by an impulsive sell-off which means that trend is down and should resume after a corrective bounce. We see that bounce in play right that should complete a corrective rally sometime this week, ideally around 1420/70 area.

Nikkei225 (June 2014) 4h Elliott Wave Analysis

Nikkei225 (June 2014) 4-Hour Elliott Wave Analysis Chart


Written by



Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

Copyright © 2013-2015 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright ©