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 […]

$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 […]