Global markets continue moving with high volatility. The S&P500 might be close to the bottom, and a reversal pattern should confirm the start of the bullish move. Wait for it! Once the price action confirms we are going long seems that finally, we are very close to the end of the panic cycle. Thanks to the expansive monetary policy of the FED, the market is showing high liquidity, and the accumulation phase is in progress. The market makers are filling up inventory.

The EUR/USD and USD/JPY are getting closer to reverse, and WTI is likely to continue lower. Watch our weekly video to find all the detailed plans on these instruments and have a great trading week.

Would you like to receive our daily Elliott Wave analysis? Start your 30-day trial today: