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 charts twice to enlarge. If the above wave count is correct, the orthodox end of wave B (burgundy) ended on October 18 with a bearish truncated pink wave 5, which achieved an exact 1.382 relationship with wave A (burgundy). Wave B’s […]
Quick Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Quick Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Euro is following the roadmap set out in the previous post nicely. If the main count shown is correct, the Euro will rally early next week, likely through Tuesday, October 23rd. The wave 5 green target […]
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. So far, the expanding ending diagonal for wave 5 pink ending in truncation count shown in the last post is following though nicely. The chart above shows what I believe is a better way to count the […]
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 to enlarge. The choppy upwards movement since September 26 may be an expanding diagonal. If it is, the SPX must rally to above 1460.51 before moving below 1435.60. If that occurs, subsequent movement below 1430.53 would likely indicate that a […]
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 charts twice to enlarge. After the threat of unlimited debasement of the US Dollar from Ben Bernanke two weeks ago, the S&P jumped, but just as quickly stalled out. Now, upon Friday’s close, a second weekly MACD histogram divergence has occurred, […]
