US30 , SPX500 Elliott Wave Analysis for 7th Oct

 S&P500

As discussed, S&P500 on 5th wave completion - 6th Oct

on the higher timeframe, 1st Subwave of 5th wave is under progress.

As shown on the chart, sub-minute wave (5th) of the 5th may end near 

3414 to 3446 and we may see a correction of the entire five impulses. If 5th wave extended wave then we may see higher level 3446/3478.

After completion of the entire Five waves, a correction target is preceding IV wave starting around 3300.

S&P500 Elliott wave

After completion of five impulse wave, ABC correction going to unfold.

C wave seems started from 3427 and Target is proceeding 4th wave ended around 2950


US30:

US30 Elliott wave

After completion of five impulse wave, ABC correction going to unfold.

C wave seems started from 28360 and Target is proceeding 4th wave ended around 25000


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