Elliott Wave Analysis of the Nasdaq 100 Index ETF (QQQ) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Nasdaq 100 Index ETF (QQQ) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. There are several ways to track the Nasdaq. Today I’m showing the Powershares QQQ Trust, which generally tracks with the Nasdaq 100 Index. First, let’s take a look at a long-term (monthly) chart: The most […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. After plunging 12.48% from May 20 through August 24, the S&P-500 it has now recovered over 84% of that drop. Will the rally continue? There are several technical signs the market may be ready to roll over again: […]
Have We Seen the Top in the S&P-500? Let’s Take a Look . .
Have we seen the top in the S&P-500? Possibly, but not quite yet in my opinion. As you all know, I utilize a combination of several technical analysis tools to predict price movements in the markets. Those tools include Elliott Wave and its associated Fibonacci price targets, Hurst cycle analysis, MACD divergence, RSI overbought/oversold, support […]
Quick SPX Elliott Wave Update from Sid @ ElliottWavePredictions.com
Quick SPX Elliott Wave update from Sid @ ElliottWavePredictions.com. Click on the chart twice to enlarge. As my regular paid subscribers know, the main count for several months in the SPX (S&P-500) has been that a black wave 5 ending contracting diagonal has been underway ever since the mid-October black wave 4 low. Today’s price […]
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Many Elliotticians (including myself) regard the Y2K peak in stocks as the Supercycle wave 3 top. Supporting evidence includes the record-high RSI reading at that peak, as shown on the quarterly DJIA chart below. While many times, […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Many Elliotticians are counting the rise since March 2009 as a cycle-degree wave B now, and many are counting the internal wave structure of the cycle wave B as a double zigzag. The weekly chart above provides […]
Elliott Wave Analysis of the S&P-500 (SPX) and the US Dollar Index ETF (UUP) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) and the US Dollar Index ETF (UUP) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. The S&P-500 continues to stretch upward, and corrections are becoming more shallow and brief. It appears that the SPX is seeking the 1891.35 level, where cycle (teal) wave B will […]
The weekly RSI, the daily MACD, and 240-minute divergence are all shouting “A MAJOR TOP IS IN”. Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com Click on the charts twice to enlarge. While I’m leaving open an alternate possibility of one last slight new high in my alternate Elliott Wave count, if all I could look at was the weekly RSI, and the MACD on daily and 240-minute SPX […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Here is a complete update of my wave counts for the S&P-500 (SPX) at every degree of trend. As you can see, RSI or MACD divergences are forming in every timeframe. Still, on the 60 minute chart, wave 3 pink does […]
Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com)
Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com). Click on the charts twice to enlarge. The attached charts show that US equities and Junk bonds are both at trendline resistance after possibly complete terminal patterns, […]
