Daily Elliott Waves Forecast: SP500, WTI, AMAZON (06.06.22)

6 June 2022 Amega

The SPX seems to have taken a sideways path in wave 4 as expected. The correction may or may not be completed yet, but in the short-term, wave 5 could offer another leg up before we go into a larger correction in wave (2).

WTI oil keeps moving up but not in a progressive manner. This suggests we are in a diagonal pattern., but at the moment it can be both a leading or ending formation. The short-term price action will provide hints.

Amazon soared last week but its move could be only a wave C of a flat. if we see further upside above primary wave 1, then the li

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