S&P 500 ready to sink?

 Hi Traders,

The S&P500 (now at 3920) ha completed the whole set of Elliott waves up and seems to be ready for a big dive to 3400.

ELLIOTT WAVES

The weekly chart reveals that It's topping. It could be the top of wave 3 (in blue).

The daily chart shows the reverse candlestick (runaway pattern ) at 553 and the likely target at 3391.6.

The 4-hours and the 1-hour charts display the reverse pattern at 55.

Weekly chart. Click to enlarge

Daily chart. Click to enlarge

4-hours chart. Click to enlarge

1-hour chart. Click to enlarge

US dollar to strength soon

Hi Traders ,

The US dollar has reached the target and should gain versus all main currencies and commodities.

WTI OIL

WTI Oil price is now at $50 (right on the 61.8 Fibonacci target at $50-51). Besides, it has completed all waves up  (see weekly and daily chart). However, it might attempt a jump up to $54 before reversing.

AUDUSD

AUDUSD (now at 0.778) has completed all waves up and is on target to 0.78-0.80 where it could reverse (see weekly and daily chart). 

EURUSD

EURUSD  (now at 1.23) could temporarily reverse right were it is now, although the main target is still 1.30 (see weekly and daily chart).

GOLD

XAUUSD (now at 1944) might attempt 1965 before reversing temporarily (see weekly chart)

GBPUSD

The pound (now at 1.363) topped at the 1.37 target (see weekly and daily chart) and completed all waves up. It should reverse soon.

WTI weekly. Click the chart enlarge

  

WTI daily. Click the chart enlarge

AUDUSD weekly. Click the chart enlarge

AUDUSD daily. Click the chart enlarge

EURUSD weekly. Click the chart enlarge

EURUSD daily. Click the chart enlarge

Gold daily. Click the chart enlarge

GBPUSD weekly. Click the chart enlarge

GBPUSD daily. Click the chart enlarge