S&P futures market reversing from the highs, but current downward leg can be part of a complex correction with support for wave c seen at 38.2 and 50% fib. levels. 1384 remains critical level; trend bullish above it.
S&P Futures (June 2014) 1h Elliott Wave Analysis
That’s deep pullback on GOLD from 1306 but because of overlaps and seven legs we see this move as corrective; ideally a double zigzag. Watch for a push above the trendline and 1297 swing that will confirm further bullish swings, back to 1306.
GOLD 1h Elliott Wave Analysis
Because of only three waves from the low crude oil remains bearish, so we anticipate further weakness either from current levels or maybe from around 100.50 if recovery gets complex.
Crude Oil (June 2014) 1h Elliott Wave Analysis
