Stocks May Bounce After Finding Support In The Near Term

By: Gregor Horvat | Thu, Mar 26, 2015
Print Email

Futures contract on S&P500 found some support recently but most likely only for a short-term as we see price in fourth wave that can stop at former wave four, near 2053, so another leg down could be in the cards before a five wave decline from 2106 is done. On the downside, price may touch 2020 by the end of the week.

S&P500 (June contract) 1h Elliott Wave Analysis

S&P500 (June contract) 1-Hour Elliott Wave Analysis Chart

German DAX slowed down with recent bearish waves near 11640 but question is for how long as we see current slow price action as wave (iv) within ongoing weakness of wave C. We expect another low, a fifth wave down that may complete a contra-trend move near 11500. An impulsive bounce from that area will put bullish moves back in play.

DAX (June 2015) 1h Elliott Wave Analysis

DAX (June 2015) 1-Hour Elliott Wave Analysis Chart


Interested in our analysis? Subscribe our services here >>



Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of, but before that he was working for Capital Forex Group and His feature articles have been published on:,,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

EW-Forecast: To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!

Please be informed that information we provide ARE NOT trading recommendation or investment advice. All of our work is for educational purposes only.

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright ©