Elliott Wave Plus Informed Subscribers on Friday Morning of an Imminent Up Move in the Stock Market This Week

Elliott Wave Plus Informed Subscribers on Friday Morning of an Imminent Up Move in the Stock Market This Week
As we were headed into the weekend last week (Friday, May 15), many Elliotticians and market forecasting services were content holding on to their bearish positions regarding the stock market, and specifically the S&P-500. The Fed had previously stated that more measures were likely going to be needed to pull the economy out of its current downturn, Buffett was selling off millions of dollars of shares, and talk of major department stores filing for bankruptcy flooded the news. All of which made a very bearish outlook to almost every market forecaster . . . except from us.