E-mini S&P500 Breaks Higher After The NFP; Pull-back Could Be Opportunity For Longs – Elliott Wave Analysis

S&P Futures 1h Elliott Wave Analysis
European stocks and US stocks futures are higher across the board after the bad NFP report on speculations that tapering will not start any time soon. From a technical point of view we see S&P futures rallying in wave v) of (iii) so corrective retracement may show up soon, but there is room for 1750 before wave (iv) pull-back occurs. This coming wave (iv) could then be a new opportunity for traders who want to join the trend.

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