Quick Update on the S&P-500 and Euro by Sid from ElliottWavePredictions.com

The Euro and the S&P just moved past the upside invaldation point of the triangle scenario. It is therefore possible that wave B black in the SPX already finished as either a running flat, or a WXY combination, and an upward 5-wave impulse for wave C black is underway, starting either from the Oct 18 […]

$SPX – February 13, 2011 – monthly candles. Middle of Cycle wave 3 of Supercycle wave 5 up . . .

There are constant rumblings from many of the trading blogs regarding the underlying internal weakness accompanying the incessant rise of the US stock market since March of 2009, and especially since July 2010.  The explanation for this may may be as simple as one of the Elliott Wave guidelines of wave personality:  fifth waves are by nature, weaker in breadth than third waves.  The above chart is […]