Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The move down from last Thursday’s high of 1333.47 was clearly in 3 waves, which leaves the S&P with the following two wave counts, if my longer term count of a black WXY to complete wave B […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The British Pound (vs. the US Dollar) has carved out what appears to be a completed expanded flat for wave 2 black, where wave B blue was 1.382 times the length wave A blue traveled, and […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Nasdaq-100 (NDX) index took out its 2011 highs late last week already, and the Dow Industrials moved a tick above its July 7 2011 high today, confirming in my mind that there was, in fact, 5 […]
Timely and relevant quotations from Frost & Prechter’s book: “Elliott Wave Principle”
At times like this, when the main and alternate counts are diametrically opposed, the following passages from Chapter 3 of Frost & Prechter’s “Elliott Wave Principle” seem particularly appropriate: “Trading with the Elliott Wave Principle helps you remain both flexible and decisive, both defensive and aggressive, depending on the demands of the situation.” “The Elliott Wave principle is […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Despite the bullishness of the alternate count shown in the last post, my main count remains that a top is very, very near. Price has moved above where blue C equals blue A (1310), but there are […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. As equities continue to rally, I’ve received a number of emails asking “Is there another scenario that would allow stocks to continue to rise, possibly to new highs above the 2011 highs?” So here is an alternate […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The most interesting aspect of the wave count shown above is that price action since the January 5 low counts as a perfect ending expanding diagonal, including a wave 5 that bounces precisely off of a line […]
Elliott Wave Analysis of the Dow Jones Industrial Average (DJIA) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Dow Jones Industrial Average (DJIA) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Wave C blue continues upward, with virtually all of the upward movement over the last 3 weeks created during three overnight sessions. As shown on the chart, the US equity markets have now reached […]
Elliott Wave Analysis of the Dow Jones Transportation Average (DJTA) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Dow Jones Transportation Average (DJTA) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Of the major U.S. equity indices, the Dow Jones Transportation Average has been producing some of the cleanest non-ambiguous Elliott Wave patterns over the past few months, and the implications of the wave structures support […]
Quick Update on the Dow Jones Industrial Average by Sid from ElliottWavePredictions.com
Quick Update on the Dow Jones Industrial Average by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. As I showed in detail as a strong alternative in Sunday’s live “Counts” webinar, an ending diagonal appears to be playing out now, in effect delaying the end of wave C (blue) just a bit. Movement […]