Elliott Wave Live: S&P Futures: Daily Time Cycles

Tuesday, November 16, 2010

S&P Futures: Daily Time Cycles

At the Daily chart level H-H time cycles have averaged 26.75 +/- 1day while L-L averages 6 days +/- 1 day. 6 days is the 1/2 cycle of the 10-day cycle that is common to the S&P. Expect the market to reach new lows today or tomorrow setting the stage for a rally. Watch momentum for a bullish reversal as price reaches the OS levels. A completed wave count along with this condition would confirm that the decline had ended.

Best of Trading

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Tuesday, November 16, 2010

S&P Futures: Daily Time Cycles

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