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 – Dow Jones Industrial Average DJIA – by Sid from ElliottWavePredictions.com
Here is a historical Elliott Wave look at the Dow Jones Industrial Average, as well as my long term prediction moving forward. Enjoy! (Click on the chart to enlarge. Click again on the enlargement to zoom in further.) P.S. I’m in the process of reworking my weekend webinars. Look for an announcement email about this, […]
The top is likely in on the Euro, and therefore a bottom in the US Dollar. Huge ramifications . .
I was in a hurry to get this posted, so the orange line connecting the extremes of wave 1 & 3 orange is in the wrong place, but you get the idea. It really does look like a major turn has just occurred in the dollar, and therefore the commodities . .
EUR/USD update – one more slight new high is possible, but a major trend change looms . .
Gettin’ very close now . . I’m expecting the long awaited trend change in the EUR/USD tomorrow or Friday at the latest. In my opinion, based on the wave structure, the uptrend since June of 2010 to likely to end no higher than in a tight zone of 1.4970 to 1.5. Invalidation is still at […]
EUR/USD updated chart from Sid at ElliottWavePredictions.com
EUR/USD updated chart . . Since wave 3 green was shorter than wave 1, there is a maximum for wave 5 green, which is almost exactly to the pip the same as the invalidation point for the long term 1-2-1-2 scenario . . http://elliottwavepre.wpengine.com
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 […]
EUR/USD – March 2, 2011 – Daily Candles. The bullish pink (minute) wave 3 finally gets going . .
The EUR/USD currency pair finally got legs today, and broke through a key resistance line at 1.38631 (ask). This is the behavior I’ve been looking for to confirm my long term Elliott Wave count (see http://elliottwavepre.wpengine.com/?p=260). The Euro should not only continue to the upside as I had predicted, it may “prop up” the US stock […]