German Dax and S&P500 Elliott Wave Analysis – moving up?


We see stocks moving higher now, with DAX breaking to a new high, probably in wave 5 which means that upside can be limited about we already talked yesterday. There is 61.8% Fib. level that can cause a potential turn from around 12700. E-mini S&P500 is looking weaker than Dax for the last few days so fall can be much stronger on that one when both hits resistances. Ideally, E-mini S&P500 will slow down at 2690/2700 area.

German dax, 1h

S&P500, 30Min


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About Author

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, 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 Ew-forecast he helps clients and educates them about the Elliott wave principle 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!

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