Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Here is a daily chart of the Russell 2000 index, showing that yesterday’s session broke and closed below two major trend lines, one connecting the extremes of wave 2 & 4 blue, and the other connecting […]
Elliott Wave Analysis SPX S&P500 (the top is “in” scenario) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis SPX S&P500 (the top is “in” scenario) by Sid from ElliottWavePredictions.com. And finally, here is a scenario where the 26-month-old bull market ended on May 2nd. Since there are 4 viable possibilities right now, we’ll just have to see what the market reveals to us over the next few days in order […]
Elliott Wave Analysis SPX S&P500 (ending diagonal scenario) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis SPX S&P500 (ending diagonal scenario) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. This ending contracting diagonal Elliott Wave count calls for one more upside push to a new high to end the 26 month old bull market. In this scenario, movement below 1325.7 invalidates, the max high is […]
Elliott Wave Analysis SPX S&P500 (triangle or flat scenario) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the SPX index of the S&P 500. Click on the chart twice to enlarge. Shown are two of the SPX Elliott Wave counts for those who believe that the top isn’t in yet. It depicts the path of both an expanded flat in the S&P (see the black arrows), and a […]
Elliott Wave Analysis of the S&P 500 (SPX) by Sid from ElliottWavePredictions.com
Here is my current Elliott Wave Analysis for the S&P 500 Index (symbol SPX). While my previous expectation for a wave 4 black running triangle or expanded flat has not been invalidated, because the upward movement in the Nasdaq COMPQ index from March 16 through April 6 counts as clearly impulsive (1-2-1-2-3-4-3-4-5), and is confirmed […]
New main & alternate Elliott Wave counts for EUR/USD currency pair from Sid @ ElliottWavePredictions.com
Here is my new road map for the Euro. (Click on it to enlarge). There’s lots of good information on the chart, so please take some time to look it over. Both a main and alternate count are depicted. There are numerous reasons why I chose this particular main and alternate count moving forward, the […]
Elliott Wave Analysis – Russell 2000 Index – Daily Candles. A lesson on how the MACD can assist in developing wave counts . .
Here’s my detailed Elliott Wave count of the Russell 2000 index since the July 6, 2010 low. Notice how the MACD assists in developing the wave counts by pinpointing the wave 3’s along the way. Also notice that each instance of “divergence” between price and the MACD line was immediately followed by a correction. Divergence […]