S&P 500: Bullish Reversal
Gregor Horvat | Oct 22, 2014 03:37AM ET
S&P 500 is back in bullish mode it seems after very sharp reversal from around 1810 area, where market accomplished a three wave contra-trend move. The reason is an overlap with wave A) as well as current minor rise above the trendline from 2014 that can be an important trend change. With that said, US market can be in new impulsive cycle going higher, so be aware of more gains, but after a corrective wave four.
S&P 500 4h Elliott Wave Analysis
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