Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Dow Jones Industrial Average DJIA by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Here is a look at the most recent price action since the May 1 high in the Dow Jones Industrial Average YM futures contract. As you can see, the initial downward wave from the […]
Elliott Wave Analysis of the S&P 500 SPX EX – the “Bullish ’til June” scenario – by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P500 SPX – the “bullish ’til June” scenario – by Sid from ElliottWavePredictions.com. As always . . please click on the chart twice to enlarge. The push off yesterday’s mid-day low followed through aggressively today, and looks to have legs. So . . (trumpet blast) . . enter my new […]
Elliott Wave Analysis of Crude Oil (QM) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Crude Oil (QM) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Crude Oil, like the currencies, had been floating adrift for the first day-and-a-half of trading this week, but appears to have awakened in late trading today. If my count is correct, Crude Oil will rally in 5 […]
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 (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 US Dollar Index by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the US Dollar Index by Sid from Elliott WavePredictions.com. Click on the chart twice to enlarge. My alternate count is now the main count, and vice versa. Either way, the Dollar is either already in wave 3 up, or soon will be. A big rally in the dollar appears to have […]
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 […]
EUR/USD – February 23, 2011 – weekly candles. Here’s my revised long term count for the Euro . .
Here is my slightly revised longer term count for the Euro. The key to this new count is the re-labeling of the upward price action from June 5, 2010 through October 30, 2010 as a five wave impulse, and therefore re-labeling it as minor wave A (blue). This new count therefore calls for current price action to continue up in […]