S&P 500 market reversing from highs

The S&P 500 (CME:SPM500) 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% fibonacci levels. 1384 remains critical level; trend bullish above it.


S&P Futures (June 2014) 1-hour Elliott Wave Analysis

 

Gold (COMEX:GCM14)

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 1-hour Elliott Wave Analysis

 

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