Market Update: November 20 – 24; Futures & Commodities!

E-Mini Daily Clean Chart – November 20, 2017

E-Mini S&P 500 futures - Technical analysis and Elliott Wave Forecast

E-Mini 1H Chart – November 20, 2017

E-Mini S&P 500 futures - Technical analysis and Elliott Wave Forecast

On the above 60min chart, we see that ES still holding below key resistance at 2589-90 and above support at 2560. As long as market fails to rally above 2586-88 level these days, we may see lower towards 2550-40 for wave A.

Any strong break above 2588 will signal the start of another leg higher towards 2611.

SPX Weekly Chart – November 20, 2017

S&P 500 Index - Elliott Wave Forecast and Technical Analysis

Nasdaq 100 E-Mini Daily Chart – November 20, 2017

IWM Daily Chart – November 20, 2017

Gold 4H Chart – November 20, 2017

Gold Futures - Elliot Wave Forecast and technical analysis

Gold remains a long with next target 1310 as long as support at 1289-85 holds on the hourly. A breach below 1282 makes pattern bearish.

GLD Daily Chart – November 20, 2017

Crude Oil 4H Chart – November 20, 2017

Crude Oil Futures - Elliott Wave Forecast and technical analysis

Crude Oil Weekly Chart – November 20, 2017

ZB 4H Chart – November 20, 2017

Safe Trading!