Elliott wave Analysis: S&P500 and 10Year Us Notes Update

in #sp5007 years ago

On stocks, we may see risk-off coming based on E-mini S&P500 where the rally was in three waves so far with an ending diagonal in wave c. That's a very bearish path that can send the price to 2627 this week or even back to 2530. I will track XXX/JPY pairs very closely and post if I find something interesting, as these pairs may stay under pressure if stocks will drop and if 10 year US note would rally (lower yields).

S&P500, 1H

intraday sp feb 20 2018.png

10 Year Us Notes, 1H

intraday 10yr feb 20 2018.png

10 yr vs E-mini S&P500, 4H

correlaiton.png

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

Sort:  

Following. Check out my forex blog and consider following me back.