Short-Term Elliott Wave Update on the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Short-Term Elliott Wave Update on the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. If the May 1 high is going to hold, a top in the SPX is quite near. My short-term main count is that the August 7 high is the end of wave 2 black. My short-term […]
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. My main wave count for the S&P expects a big up-day tommorow, likely completing a 50 to 61.8 percent retracement of the 5-wave non-overlapping downward impluse that occurred between July 19 and July 24. The most likely […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Here’s a quick update of my main hourly count for the S&P . . Sid http://elliottwavepre.wpengine.com
Elliott Wave Analysis of the S&P-500 by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. It is highly possible that wave 5 green ended in truncation today. Truncations are very bearish. Additionally, there was a traditional VIX sell signal at yesterday’s close. Throwing fuel on the fire, the WXY combination corrections in the […]
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. As shown in my last post regarding the S&P-500 (June 6), my target for the end of wave 2 black has been 1345. The week ended with a rally to 1343.32, but the upward wave structure doesn’t […]
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. The major US stock market incices continue to appear to be carving out an expanded or running flat for wave 2 black. The wave B (blue) was quite deep, and reached slightly beyond 1.618 times the length […]
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. The SPX index is at a very important crossroads. Typically, after an extended 5th wave within an impulse, the following correction will seek the extreme of wave 2 within the extended 5th wave. In the SPX, that […]
Elliott Wave Analysis of the S&P-500 (SPX) – Quick Update by Sid at ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) – Quick Update by Sid at ElliottWavePredictions.com. Click on the chart twice to enlarge. If wave 5 blue within wave 1 black is still underway as an extended 5th wave, the next most typical target is where wave 5 equals the net traveled by waves 1 through 3. […]
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. If my interpretation of the movment down from May 1 as a 5-wave impulse is correct, the implication is that downward movement in US equities has only just begun. My main (and long-held) wave count has been expecting a […]
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. 1392.92 is an important level now in the SPX. Because the initial move up from the April 10 low was in 3 waves, the price action since April 10 is most likely corrective, and downward movement is […]