S&P 500 CFD (4H) / Bearish (Primary) & Bullish
Silver looks bearish but it will follow gold. In the bullish count, we don't have the 1-4 overlap to define the upward sub structure as a leading diagonal. Very tricky. Algos are pushing prices higher.
Very tricky situation in gold prices. We could also be in a triangle 4 before an extended 5.
Oil prices reintegrated their log channel. Bottom in? Or just an intermediate one?
Nasdaq 100 Index (2H) / Bullish & Bearish Elliott Wave Counts
S&P 500 Index (1H) / Primary EW Count (Green or Orange)
Win-win setup: ride wave or wave C. Green box: 2876-2972.
One final high in BTC to double top where algos will defend? 🤖 Notice the reaction at the 0.5 here 🧐
We lost the channel. Bearish.
We should be very close to a bottom. That wouldn't be surprising at such abyssal levels (!). The bearish scenario in SPX could send us to this green box. Algos currently blocking the way up.
Nasdaq Index (1H) / Bullish & Bearish
Nasdaq 100 Futures (4H) / Bullish & Bearish Counts
Geometry suggesting we are going down.
Beware of the triple ZZ that we propose for the S&P 500 CFD (one of our favorites).
Remember that NDX is not in control... SPX & VIX are.
So AAPL didn't follow AMZN, GOOG and FB, following the realease of the earnings report. Here is AAPL with extended hours prices. Both counts are valid but we channel well here. You know what that means (=likely corrective).
Same applies here: we need to wait and see if we are done with this upward structure or not. Is there an ABC in subwave Z of the triple ZZ (red count)? Looks impulsive. Coming price action is going to be key.
Apologizes for the change in colours, I will try to keep a more standardized format from now on between the cash and the futures S&P 500 indices. We have a clean 5-wave move in green 1 or red A. Futures are down in pre-market, we might not get our 7th swing to make our pink flat X possible.