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S&P 500 E-Mini (ES_F) Elliott Wave : Trading Setup Explained

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Hello fellow traders,

As our members know we have had many profitable trading setups in Indies recently.   In this technical article, we are going to present another Elliott Wave trading setup we got in SPX E-Mini ( ES_F ) . The futures has extended pull back, giving us another buying opportunity. ES_F completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

ES_F Elliott Wave 1  Hour  Chart 07.24.2024

Current view suggests ES_F are undergoing 4 red correction. The price shows incomplete lower low sequences from the peak, suggesting potentially more downside in near term. We expect to see extension toward extreme zone at 5449.69-5338.52  where we would like to be buyers again.

We recommend members to avoid selling ES_F . As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the ((b)) black connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5338.5 would invalidate the trade.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

ES

ES_F Elliott Wave 1  Hour  Asia Chart 07.24.2024

The futures has made extension down toward Blue Box and found buyers as expected. ES_F is showing a decent bounce from the Buying Zone. We count the pullback 4 red as completed at the 5433.99 low. Consequently, long positions should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. Now, we would like to see a break of the 3 red peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5433.99 low, the futures will open up the possibility for a deeper pullback. In that case, long positions will be stopped out at BE, and we will look to buy the dips again at the next set of equal legs.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ESJoin us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

SPX Keep Reacting Higher From The Blue Box Area

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In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the 19 April 2024 low unfolding as an impulse structure and showed a green right side tag. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

SPX 1-Hour Elliott Wave Chart From 7.24.2024 Update

SPX Keep Reacting Higher From The Blue Box AreaHere’s the 1-hour Elliott wave chart from the 7.24.2024 New York update. In which, the short-term cycle from the 5.31.2024 low ended in wave 3 as impulse at $5669.67 high. Down from there, the index made a pullback in wave 4 to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave ((a)) ended at $5497.04 low. Wave ((b)) bounce ended at $5585.34 high and wave ((c)) managed to reach the blue box area at $5412.77- $5305.45. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

SPX Latest 1-Hour Elliott Wave Chart From 7.30.2024 Update

SPX Keep Reacting Higher From The Blue Box Area

This is the latest 1-hour Elliott wave Chart from the 7.30.2024 NY Midday update. In which the index is showing a reaction higher taking place, right after ending the zigzag correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $5669.67 high is still needed to confirm the next extension higher & avoid double correction lower.

If you are looking for real-time analysis in SPX along with the other indices then join us with a 14-Day Trial for the latest updates & price action.

Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.

Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial.

SPX in all-time bullish sequence – when is next pullback?

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Hello traders. In this post, we will examine the SPX all-time bullish trend and predict the next significant pullback.

The index is close to breaking into a new all-time high, with several such moments already in 2024. In a strong trend like this, the key question is: when is the next correction? This post will answer that using the S&P 500 charts we shared with ElliottWave Forecast members.

SPX EWF Weekend Update – Weekly Chart – 06/29/2024

SPX

We shared the above weekly chart on 06.29.2024. The chart shows the S&P 500’s long-term path from its all-time low. From an Elliott wave perspective, the index is evolving into a bullish impulse cycle from the all-time low. Wave ((I)) of the grand supercycle degree ended at the peak of February 2020. The pullback for wave ((II)) followed, reaching the March 2020 low during the COVID-19 shock. The recovery from the March 2020 low marked the evolution of wave ((III)). However, the index is far from completing wave ((III)).

Wave (I) of ((III)) ended at the peak of January 2022, followed by a pullback for wave (II) of ((III)), which finished at the low of October 2022. Currently, the price is in wave (III) of ((III)). Specifically, the index is in wave ((3)) of I of (III) from the 3501.3563 low of October 2022. Wave ((3)) has not yet concluded. Price is in wave (5) of ((3)), projected to complete between 5829-6041. Since wave (5) has not yet concluded, we can expect the next significant pullback on the lower time frame when wave (5) completes its 2nd or 4th sub-wave. We can examine this on lower time frame charts like the H4.

SPX EWF Update – H4 Chart – 07/02/2024

SPX

At the time of writing, the H4 chart above was the latest update shared with members. We update the H4 charts for all 78 instruments we cover after the New York session closes and before the Asian markets open. The H4 chart shows the price in wave 1 of (5). The next major pullback will happen when wave 1 completes and wave 2 follows, then buyers will get attracted again. Meanwhile, the index appears to have completed wave ((iv)) of 1 and is now in the final phase for wave ((v)) of 1 from the low of July 1, 2024. As wave ((v)) progresses, traders can buy pullbacks on the H1 or 30-minute chart in 3, 7, or 11 swings. We update H1/30 min charts four times a day for members.

These updates can present trade opportunities, especially waves (ii) and (iv) of ((v)). Meanwhile, the key trade for swing traders will be after the pullback for wave 2 in 3,7 or 11 swings at the extreme. Meanwhile, members can check the trade room for trade opportunities across all the time frames on all the 78 instruments covered.

About Elliott Wave Forecast

We update one-hour charts four times a day and four-hour charts once a day for all 78 instruments. We hold daily live sessions to guide clients on the right side of the market. Our chat room allows moderators to assist with any market questions. Experience our service with a 14-day trial for only $9.99. Cancel anytime by contacting us at support@elliottwave-forecast.com.

S&P 500 E-Mini (ES_F) Forecasting the Bounce From the Extreme Zone

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Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of S&P 500 E-Mini (ES_F) Futures published in members area of the website.  Our members know ES_F completed cycle from the 4964 low as a 5 waves pattern. Currently the futures is giving us correction against the mentioned low.  In this discussion, we’ll break down the Elliott Wave pattern and forecast.

ES_F Elliott Wave 1  Hour  Chart 05.31.2024

ES_F reached extreme zone from the 5369.47 peak at 5244.9-5186.7 area. The futures shows clear 5 waves from the high, suggesting pull back is unfolding as Elliott Wave Zig Zag pattern. ES_F is about to complete first leg ((a)) black of 2 red.  We expect rally in wave ((b)) to happen any moment. We recommend members to avoid selling the futures and keep favoring the long side.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

ES_F

ES_F Elliott Wave 1  Hour  Chart 06.02.2024

ES_F found buyers at the extreme zone as expected. The index has reacted strongly from the Equal Legs Area.  Rally from the low looks impulsive, which suggests we are about to complete first leg of wave ((b)) recovery, which is also unfolding as Elliott Wave Zig Zag pattern. As far as the pivot at 5368.81 pivot holds, another leg down can be see once ((b)) black completes.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ES_F

Elliott Wave Forecast

Thank you for exploring our analysis of ES_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

SPX E-Mini (ES_F) Elliott Wave: Unveiling the Blue Box Buying Strategy

By

Hello fellow traders,

In this technical article, we are excited to present another recent Elliott Wave trading setup. Our focus is on the SPX E-Mini (ES_F) futures, which have recently given us a clear three-wave pullback, unfolded as an Elliott Wave Zig Zag pattern. Notably, ES_F completed this correction precisely at the Equal Legs zone, commonly referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

ES_F Elliott Wave 1  Hour  London Chart 04.02.2024

The decline from the peak looks like a 5-wave structure, suggesting that the pullback is still underway. We assume that the correction is unfolding as an Elliott Wave Zig Zag, awaiting confirmation of another leg down (c) of ((ii)) ideally. We do not recommend selling ES_F ; instead, we prefer positioning ourselves on the long side if an opportunity arises.

ES_F

ES_F Elliott Wave 1  Hour  Midday Chart 04.02.2024

We’ve seen another leg down as expected. The price has hit our target area, the blue box zone at 5248.69-5216.4. We’re entering long positions within the Blue Box. As the main trend remains bullish, we anticipate at least a 3-wave bounce from this area. Once the price touches the 50 fibs against the (b) blue connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5216.4 would invalidate the trade.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

ES_F

ES_F Elliott Wave 1  Hour  Asia Chart 04.04.2024

ES_F has found buyers and is showing a nice reaction from the Buying Zone. We count the pullback ((iv)) black as completed at the 5235 low. Consequently, long positions should now be risk-free. We are anticipating a break of the ((iii)) black peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5235 low, the futures will open up the possibility for a 7-swing pattern. In that case, long positions will be stopped out, and we will look to buy the dips again at the next set of equal legs.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ES_F

Elliott Wave Forecast

Thank you for exploring our Trading Setup of ES_F with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!

Elliott Wave View: S&P 500 E-Mini Futures (ES) Resumes Higher

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S&P 500 E-Mini Futures (ES) rally from February 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 1  low, wave 1 ended at 3959.25 and pullback in wave 2 ended at 3720.5. The Index extends higher in wave 3 towards 4211 as the 45 minutes Elliott Wave chart below shows. Wave 4 pullback is proposed complete at 4120.4. The Index still needs to break above wave 3 at 4211 to avoid a double correction.

Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4168. Wave ((b)) correction ended at 4184.5 as a running triangle. Wave (a) of the triangle ended at 4209, wave (b) at 4167.25, wave (c) at 4202.5, wave (d) at 4171, and wave (e) of ((b)) ended at 4184.50. Index then resumed lower in wave ((c)) and completed wave 4 at 4120.41. Index has turned higher in wave 5. Up from wave 4, wave ((i)) ended at 4179 and pullback in wave ((ii)) is unfolding as an expanded flat. Near term, as far as pivot at 4120.4 low remains intact, expect dips to find support for further upside.

ES 45 Minutes Elliott Wave Chart

S&P 500 E-Mini Futures (ES) Elliott Wave Video