E-Mini S&P 500: Perfect Reaction From The Equal Legs Buying Zone

In this technical blog, we’ll take a closer look at the Elliott Wave analysis of E-Mini S&P 500 Futures (ES_F), published in our members' area.

ES_F completed a clear three-wave decline from the peak, reaching our predefined Equal Legs buying zone. This is the type of setup we look for every day: identify the Elliott Wave structure, define the high-probability reversal area, manage risk, and let price action confirm the outlook.

Let’s take a closer look at the latest ES_F setup and what the Elliott Wave structure suggests for the next move.

ES_F Elliott Wave 1-Hour Chart – October 9, 2026

ES_F is moving lower in a three-wave correction from the recent peak. The next potential buying zone lies between 7674.3 and 7587.3. We calculated this area using the Fibonacci Expansion tool, based on the relationship between waves W and X, to project where the double-three pattern could complete.

We will closely monitor price action as ES_F approaches this zone. If buyers step in, the market could resume its upward trend and target new highs.

ES_F Elliott Wave 1  Hour  Chart 10.08.2026

ES_F  reached our Equal Legs buying zone, and found strong buying interest right at the level. We got solid reaction which broke the previous pealk. Current view suggests we are foriming 5 waves pattern from the 7577.69 low

Keep in mind that the market is dynamic, and the outlook may have changed in the meantime. Our member Chat Rooms are open 24 hours a day, Monday through Friday, on trading days, providing ongoing expert guidance on market trends and Elliott Wave analysis. Members can ask questions about market structure and technical setups at any time during trading days.

The best instruments to trade are those with incomplete bullish or bearish swings. These setups are highlighted in our Sequence Report, while the highest-conviction opportunities are presented in the Live Trading Room.