Category Archives: Elliott Wave

There are always alternate Elliott wave counts, the mass mind like an individual mind can change direction. Elliott wave analysts need to be prepared for change and have at least one alternate wave count. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the revised  Elliott wave count. The series of three smallContinue reading “Target of Opportunity”

Today 04/06/21 the S&P 500 (SPX) made new all-time high unconfirmed by the Dow Jones Industrial Average, and the Nasdaq Composite.  A  bearish “Rule of the Majority” signal.  What happened on the intraday chart from an Elliott wave perspective was fascinating. The best Elliott wave count for the SPX  has an Ending Diagonal Triangle (EDT)Continue reading “The Cherry on Top”

If you were to take a poll of Elliott Wave practitioners of what they thought was the most reliable Elliott pattern they would probably say Ending Diagonal Triangle (EDT). Because of their configuration and location within a larger Elliott wave pattern, EDT’s present an excellent risk/reward trading opportunity.  EDTs occur primarily in the fifth waveContinue reading “The Most Reliable Elliott Wave Pattern”

Today the Dow Jones Industrial Average made a new all-time high unconfirmed by the other two main US stock indices, S&P 500 (SPX) and Nasdaq Composite. I call this a rule of the majority signal and could indicate a significant US stock market top. The daily SPX chart courtesy of Trading View illustrates a possibleContinue reading “Stock Topping Process 03-29-21”

This is extremely exciting, the final piece of an Elliott wave pattern that began in March 2009 could be nearing completion. The daily S&P 500 chart courtesy of Trading View illustrates the Elliott wave count since the beginning of 2021. So far, the presumed Minor wave “4“bottom discussed in my prior blog has held.  There’sContinue reading “Major US Stock Market Top on 03-29-21?”

Today 03/25/21 the S&P 500 (SPX) bottomed at 3853.50. My 03/23/21 blog “Crash Bottom Anniversary Day” speculated that Minor wave “4’” of an Elliott wave – Ending Diagonal Triangle could be developing. Today’s low was in the middle of the target zone illustrated on the SPX 03/23/21 chart and close to a Fibonacci .50 retraceContinue reading “Probable Short-Term US Stock Market Bottom 03-25-21”

The prior blog noted that 03/23/21 was the one solar year anniversary date of the  crash bottom made on 03/23/20.  It was possible that a new S&P 500 (SPX) high could be  made on 03/23/21 plus/minus two trading days. The daily SPX chart courtesy of Trading View illustrates what happened. On 03/22/21 the SPX movedContinue reading “Crash Bottom Anniversary Day”

On 03/18/21 the Dow Jones Industrial Average made a new all-time high unconfirmed by the other two main US stock indices, S&P 500 (SPX) and Nasdaq Composite (IXIC).  I refer to this as a “rule of the majority signal” the market condition is revealed by the non-confirming indices. In this case a bearish signal.  Additionally,Continue reading “Stock Topping Process – Part Three”

My prior blog “Potential Lunar Cycle Turn” noted  that the US stock market could top within plus or minus two trading days of  the new moon made on Saturday 03/13/21. Today the S&P 500 (SPX) made a new all-time high unconfirmed by the other two main US stock indices (Dow Jones Industrial Average (DJI) andContinue reading “Stock Topping Process Continues”

On the 03/12/21 open of the S&P – 500 (SPX) trading session traders exited a 25% short position. The trade began on the SPX open 01/07/21 at 3764.71, the exit price was 3924.52 resulting in a loss  of 4.20% of the 25% position. This contributes a 1.05% loss (4.20 x.25 = 1.05) to the runningContinue reading “Revised S&P – 500 Elliott Wave Count – Part Two”