Highlights from Sid’s Weekly Counts Webinar for Pro and Premium Plan Subscribers
During Sid’s June 30, 2024 weekend webinar, Sid Norris of ElliottWavePlus.com showed what a bullish wave count would look like if the S&P-500 was in the process of carving out a 5-wave non-overlapping impulse starting from the March 2020 low. Spoiler Alert: The wave 3 up from that low has a wave target of 18,500 !!!
He compares and contrasts that super bullish wave count with his longer term Elliott Wave count on the Dow Jones Industrial Average, and its associated Fibonacci price targets.
Sid also showed his new Commercials vs. Retail positioning weekly chart of the SPX, and what it suggests has been going on this year, and what is most likely to occur next, based on the indicators.
https://www.youtube.com/watch?v=t5J4tpa9r28
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