S&P500
E-mini S&P 500 is making a strong leg up from 2034 that having an impulsive personality, representing wave C which could reach 2079 level this week. This level will come in play after wave four is completed, ideally near 2060 in the sessions ahead.
S&P500, 30 Min
Crude OIL
Crude oil is closely following our wave count for the last few days, since we recognized that the triangle is placed in wave four. Well, notice that from 46.14, the market has five waves up to 48.50 so the bulls can be coming to an end. The broken trend-line support of an upward channel also suggests lower prices, but for final confirmation we need to see it break beneath 46.14.
Crude OIL, 1H
