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. My main wave count for the S&P expects a big up-day tommorow, likely completing a 50 to 61.8 percent retracement of the 5-wave non-overlapping downward impluse that occurred between July 19 and July 24. The most likely […]

Another Quick Update on GBP/USD

It looks like the Pound is going to try to smoke out every short it can before continuing to the downside. The strong upward movement today appears most likely to be the terminal thrust from a wave 4 triangle. Based on the size of the triangle, the upside target is 1.5767. Any movement below 1.5580 […]

Quick Update on GBP/USD

Here’s a quick update on the GBP/USD currency pair. Click on the chart twice to enlarge. It looks like cable is carving out an expanded flat for wave 2 green, which will delay the resumption of strong downward movement for a couple of days. Explanations and invalidation points are on the chart. Sid