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S&P500 : Intraday View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    E-mini S&P500 spiked higher to 1964 after good NFP figures but price is already lower now and it looks like it can continue back to the lows. Notice that recent minor recovery was in three waves which looks like a corrective move that is part of ongoing impulse. That said, wave 5 can fall down to 1920 still before we may look for a turn to the upside. Probably this will happen next week, unles we see a straight move up to 1991; then low would likely be already in place. S&P500, 30 Min

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