TRENDING:

XAU/USD

EUR/USD

Elliott wave Analysis: Bulls Pushing S&P500 Higher

Gregor Horvat Wavetraders

Hi traders,

S&P500 has been trading in a corrective decline since September of 2018, and it unfolded a three-wave drop within higher degree wave IV). We can see that wave IV) found a base at the 2318 level, from where a new impulsive wave I of a bigger cycle had followed. This wave can now look for a temporary top near the 2813 level, where former swing high can react as resistance, and push price into a temporary pullback for wave II. The wave II pullback can later look for support near the upper line of a corrective channel (around 2600-2500 region), connected from 2947 level, and make a new bullish run into wave III of a higher degree.

S&P500, Daily

Interested in active FX or CRYPTO Elliott Wave labeled charts on a daily basis? Now its your time; we have Limited Offer; get a 14 day trial for 1€. Check our website at www.ew-forecast.com for more details.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

AUD/USD stuck as the RBA talks tough into a slowdown

The Australian Dollar is going nowhere in a hurry, and the contradiction at its core explains why. The Reserve Bank of Australia keeps dangling the prospect of another hike, yet the economy it governs just expanded 0.3% in the first quarter, a clear step down from the prior pace. A central bank threatening to tighten into a visible slowdown is not a recipe for conviction in either direction, and the tape shows it.

USD/JPY: Japanese Yen coiled at the line, leaning on everyone but Japan

The Yen is doing very little, and that stasis is the whole story. USD/JPY sits glued near 160.00 not because Japan has found new strength, but because two outside forces are fighting to a draw over it: a US rate complex that keeps the dollar bid, and a Ministry of Finance that refuses to let the line break.

Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data looms

Gold price edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday.

DeFi hack losses drop 80% from 2022 peak as security defenses improve — Immunefi

Losses from decentralized finance exploits have fallen by 80% since reaching a record high in 2022, according to a report released by Immunefi. The report, which analyzed exploit-driven losses across major blockchain ecosystems between 2020 and 2025, found that DeFi protocol losses declined from $2.62 billion in 2022 to $534 million in 2024.

Nonfarm payrolls: Testing the limits of Fed policy patience

The upcoming nonfarm payrolls report for May will provide the final update on the US labor market before Kevin Warsh attends his first policy meeting as the new Fed Chair later this month.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.

Elliott wave Analysis: Bulls Pushing S&P500 Higher

S&P500, Daily

Editor's Picks

AUD/USD stuck as the RBA talks tough into a slowdown

USD/JPY: Japanese Yen coiled at the line, leaning on everyone but Japan

Gold declines below $4,500 on stalled US-Iran ceasefire talks, US NFP data looms

DeFi hack losses drop 80% from 2022 peak as security defenses improve — Immunefi

Nonfarm payrolls: Testing the limits of Fed policy patience

Recession on paper: What really moves the Canadian Loonie now?

Best Brokers in 2026

S&P500, Daily

Legal Text

Editor's Picks

Best Brokers in 2026