Elliott Wave Blog -

As of , major indices and commodities are approaching critical Fibonacci clusters. After recent volatility, several assets are finishing corrective phases and setting the stage for their next impulsive moves. Equity Indices: S&P 500 & Nasdaq 100

Traders should look for confirmation through volume before committing to a new directional trend. : Presumed to be starting wave v of 1 on the H4 chart. ELLIOTT WAVE BLOG

Upside targets are set at , with 1.3620 serving as the critical invalidation level. As of , major indices and commodities are

Analysts from FXStreet indicate the current rally from late March is likely the fifth wave of a five-wave impulse. : Initial resistance is near , with a secondary equality measure at : Presumed to be starting wave v of 1 on the H4 chart

Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area

Equity markets are currently in a high-stakes "Wave 5" environment. : The index reached a new all-time high on April 22.