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E-mini SP500 And Crude OIL Intraday Elliott Wave Outlook

By: Gregor Horvat | Tuesday, December 3, 2013

Staying with a dirrection of a trend should be the most important for traders and analysts. So despite a five wave down on the S&P 500 I am tracking a corrective price action, called an expanded flat where wave c is made by five waves. So if my interpretation is correct then we will see a bounce from around 1791-1795 zone. If we go down to 1775 then then is most likely not a flat. Guys, I will be back with you later, at the start of the New York session.

S&P500 (Dec 2013) 1h Elliott Wave Analysis

S&P500 1-Hour Chart

Recent leg to a new low on Crude Oil was made in three legs which is a structure of a corrective pattern, so we think that wave 4 from Nov 14 is still unfolding. We are now observing idea of a running traingle with wave (c) underway that is expected to stop around 94.60-95.00 region.

Crude Oil (Jan 2014) 1hElliott Wave Analysis

Crude Oil 1-Hour Chart


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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:

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