Month: December 2022

The Stock Market is Entering 2023 at a Critical Juncture 

The Stock Market Is Entering 2023 At A Critical Juncture
Summary
There is a cluster of three large-degree Fibonacci targets that suggest that the Dow Jones Industrial Average has not completed 5-waves up from the 1932, 1974 & 2009 lows yet.
The March 2020 low was an intermediate-degree (black) wave 4 low.  There are two potential ways the market can finish a 5-wave structure up from that low.
Shorter-term, I’ve been tracking three potential wave counts for the S&P-500. The market could eliminate up to two of those counts during the first few weeks of the new year.
Our method of combining Elliott wave and its associated Fibonacci price targets, Hurst cycle analysis, sentiment extremes, momentum, volume signatures and more provide higher confidence trading forecasts than Elliott wave theory when used alone.