Elliott wave theory has two basic modes – Motive waves which move with the primary trend and Corrective waves which are corrections to the primary trend. There are three variations of Motive waves and ten variations of Corrective waves. This blog can serve as an aid to differentiating between Motive and Corrective patterns even withoutContinue reading ” Elliott – Motive and Corrective Waves”
Category Archives: Elliott Wave
S&P 500 – Short – Term Elliott Wave Forecast – 11/18/22
After powerful market moves either up or down the retracements are usually shallow. The crowd recognizes the main trend and quickly use pullbacks to participate in the trend. Elliott wave – Horizontal Triangles frequently appear in shallow corrections and could be developing in the S&P 500 (SPX). Elliott wave – Horizontal Triangles are corrective patternsContinue reading “S&P 500 – Short – Term Elliott Wave Forecast – 11/18/22“
Price Forecast for US Stock Market Top
Since 10/13/22 the Dow Jones Industrial Average (DJI) has been the most bullish of the three main US stock indices. In only 21 -trading days the DJI has retraced 62.1% of a nine-month decline. The Golden Fibonacci ratio of .618 or 61.8% is frequently a support/resistance level. With a nearly precise hit of an importantContinue reading “Price Forecast for US Stock Market Top”
S&P 500 – Short -Term Elliott Wave Forecast – 11/11/22
This blog is an update to the S&P 500 (SPX) Elliott wave count posted on 11/09/22. The 30 – minute SPX chart courtesy of Trading View updates the action. The presumed Intermediate wave (2) bottomed on 11/03/22 and retraced almost an exact Fibonacci .50 retrace of Intermediate wave (1). The subsequent rally appears to beContinue reading “S&P 500 – Short -Term Elliott Wave Forecast – 11/11/22“
S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22
The SPX 500 (SPX) rally from 10/13/22 to 11/01/22 appears to have completed an extended Elliott wave impulse pattern. The 30 – minute SPX chart courtesy of Trading View illustrates the action. The decline from the 11/01/22 top looks like a developing Zigzag correction. If so, it could complete near the 3,650 area which isContinue reading “S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22“
Dow Jones Industrial Average Could Make a New High in 2023
The 2023 Stock Trader’s Almanac has been published. This annual book has a tremendous amount of statistical data about the US stock market. One of the sections in this year’s edition is titled “Why a 50% Gain in the Dow is Possible from its 2022 Low to its 2023 High”. The article details the actionsContinue reading “Dow Jones Industrial Average Could Make a New High in 2023 “
Elliott Wave Alternate Bullish Interpretations – 09/30/22
As of 09/30/22 momentum and sentiment evidence implied the S&P 500 (SPX) could be forming a double bottom vs. its mid – June 2022 low. This blog examines two possible Elliott wave alternate bullish counts. In Elliott wave theory there are always at least two alternate wave counts, bearish and bullish. Frequently there can beContinue reading “Elliott Wave Alternate Bullish Interpretations – 09/30/22“
Elliott Wave – Alternate Bearish Interpretation –09/23/22
The 07/21/22 blog “S&P 500 – Elliott Wave Count – 07/21/22” noted that the 2022 US stock market decline was taking a complex pattern similar to the 2000 to 2002 bear market. The January to June 2022 S&P 500 (SPX) drop was a complex and choppy pattern. The Elliott wave guideline for alternation among wavesContinue reading “Elliott Wave – Alternate Bearish Interpretation –09/23/22“
S&P 500 – Elliott Wave Count – 07/21/22
The 05/28/22 blog “Examination of Two Major Bear Markets” noted that the 2022 decline of US stock market was taking a complex pattern similar to the 2000 to 2002 bear market. The daily S&P 500 (SPX) chart courtesy of Trading View updates the Elliott wave count. Normally the complex Elliott wave patterns such asContinue reading ” S&P 500 – Elliott Wave Count – 07/21/22″
Philippine Stock Exchange Index Bullish Signals
In the short – term the Philippine Stock Exchange Index (PSEI) has been relatively weaker than the S&P 500 (SPX). The SPX recent bottom came on 06/17/22, the PSEI didn’t bottom until 06/23/22. On 07/15/22 the PSEI appeared to be on track to make a new 2022 low, the rally on 07/18/22 appears to haveContinue reading “Philippine Stock Exchange Index Bullish Signals”
Four Dimension Trading 