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. Here is a quick update of my main wave count for the S&P-500, including some updated targets for the end of upward movement. Please note that from the March 6 low, wave 3 green was shorter than […]
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. With today’s new high above the the February 29 high, a slightly revised wave count is in order. Apparently, the gradual melt-up from January 5 though February 29 must now be labeled wave 3 (pink), despite 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. The move down from last Thursday’s high of 1333.47 was clearly in 3 waves, which leaves the S&P with the following two wave counts, if my longer term count of a black WXY to complete wave B […]
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 Nasdaq-100 (NDX) index took out its 2011 highs late last week already, and the Dow Industrials moved a tick above its July 7 2011 high today, confirming in my mind that there was, in fact, 5 […]
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. Despite the bullishness of the alternate count shown in the last post, my main count remains that a top is very, very near. Price has moved above where blue C equals blue A (1310), but there are […]
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 equities continue to rally, I’ve received a number of emails asking “Is there another scenario that would allow stocks to continue to rise, possibly to new highs above the 2011 highs?” So here is an alternate […]
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 most interesting aspect of the wave count shown above is that price action since the January 5 low counts as a perfect ending expanding diagonal, including a wave 5 that bounces precisely off of a line […]
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. Today’s large opening gap was followed immediately by a stall-out, and the session actually closed beneath the open. Not a good sign. This could easily have been an exhaustion gap, to be followed soon by a possible […]
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. This last push to the upside appears to be pointing to 1279 on January 3rd/4th, needing only to complete wave 5 pink to the upside, as shown. If this count is correct, the high for 2012 in […]
Elliott Wave Analysis of the S&P-500 (ES futures contract) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (ES futures contract) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. This more immediately bearish alternate wave count appears to be as legitimate as any any other I can conjure up at the moment. (For a larger look at my long standing main wave count for […]