Additional Elliott Wave Confirmation

The prior post focused on Exchange Traded Fund – XLP  as a guide to help with the Elliott Wave count for the US stock market.  The following weekly chart courtesy of Trading View shows an individual stock which so far has  a textbook Elliott Wave pattern. Sometimes small cap stocks involved in speculative buying maniasContinue reading “Additional Elliott Wave Confirmation”

The Clearest Elliott Wave Roadmap

Elliott Wave analysis provides a roadmap of where a market or a stock could potentially be in its cycle.  When studying the stock market, the S&P 500 (SPX) because of its large capitalization and following usually has the clearest Elliott Wave patterns.  Analysis is enhanced by comparing the wave counts of one stock index vs.Continue reading “The Clearest Elliott Wave Roadmap”

Important S&P 500 Bottom on 10/7/20?

Sometimes in Elliott Wave analysis its difficult to differentiate wave degree, this happens when one movement is smaller/larger than waves of the same degree.  This appears to be the case soon after the S&P 500 (SPX) bottom of 9/24/20.  The first rally and decline could be the first two waves of a five wave ElliottContinue reading “Important S&P 500 Bottom on 10/7/20?”

Market Situation After Unexpected Event

Our thoughts and prayers go out to US President Donald Trump and First Lady Melania Trump for a rapid recovery from the Coronavirus. This unexpected event trigger a panic in the financial markets and altered the near-term direction of the US stock market.  My previous post “S&P 500 Continues to Rise” gave a recommendation toContinue reading “Market Situation After Unexpected Event”

Forecast – Bull Market Termination Date – 2021

Within the time dimension there are several methods to determine market turn points.  Seasonality and periodic time cycles are two of the more common ways, however they lack precision.   Fibonacci time cycles, while unknown to many market analysts, can at times be incredibly accurate.  R.N Elliott discoverer of the Wave theory also found that marketsContinue reading “Forecast – Bull Market Termination Date – 2021”

Long-Term Forecast to the Year – 2043

Today, August 18, 2020 the S&P 500 (SPX) broke above its February 2020 top to make a new all-time high.  My April 1, 2020 Trading View SPX post speculated a new bull phase was underway that could continue until sometime in 2021.  Todays breakthrough is an important confirmation of the forecast.  Today’s new all-time highContinue reading “Long-Term Forecast to the Year – 2043”

Eleven – Year View – Part 2

There are always alternate Elliott Wave counts, my prior blog illustrated a count that assumes the bull market from March 2009 is complete.  This blog illustrates a count that assumes the S&P 500 (SPX) February 2020 top could be exceeded. This weekly SPX chart is an update to a chart that appeared in my AprilContinue reading “Eleven – Year View – Part 2”

Eleven – Year View -Part 1

When using Elliott Wave theory there are always alternate counts, sometimes there could be three or more alternate counts for the path of a market. Markets represent the mass mind, and like an individual mind can change direction. An analyst/trader must be prepared for alternative trading scenarios. The chart courtesy of Trading View illustrates aContinue reading “Eleven – Year View -Part 1”