Category Archives: Elliott Wave

      Examination of US and German Stock Markets

After the 02/24/22 bottom US stocks appeared to be poised for a rapid move up, but after two days a trading range developed. Meanwhile,  German stocks as  measured by the DEU40 have continued to make new decline lows. Evidence from the DEU40 could be providing clues as  to the near-term direction for the global stockContinue reading ”      Examination of US and German Stock Markets”

S&P 500 – Target Top – 4920

Several recent blogs have noted that the S&P 500 (SPX) could be headed towards major Fibonacci resistance at SPX 4889.  This projection was based upon the presumed SPX – Primary wave “4” termination point made in late October 2020.  The January to February 2022 decline may have changed the long-term SPX – Elliott wave count.Continue reading “S&P 500 – Target Top – 4920”

S&P 500 – Long -Term Elliott Wave Count – 02-25-22

If the S&P 500 (SPX) can soon make a new all -time high, where does the January to February 2022 decline fit in the long-term Elliott wave count?  An examination of the secular bull market rallies and declines reveal some fascinating clues. The SPX – monthly chart courtesy of Trading View illustrates the most likelyContinue reading “S&P 500 – Long -Term Elliott Wave Count – 02-25-22”

S&P 500 Bullish and Bearish – Elliott Wave Counts

On 02/18/22 the S&P 500 (SPX) decline to the edge of what could be  important support. The daily SPX chart courtesy of Trading View illustrates a bullish Elliott wave count. The 02/17/22 blog “Potential Stock Buying Opportunity on 02-18-22” noted that an Elliott wave – Horizontal Triangle may have been completed on 02/17/22.  The keyContinue reading “S&P 500 Bullish and Bearish – Elliott Wave Counts”

Potential Stock Buying Opportunity on 02-18-22

After the S&P 500 (SPX) 01/04/22 top the declines and rallies  have  been three – wave structures and appears  be an Elliott wave – Horizontal Triangle which may have completed at the low made on 02/17/22.  The SPX 30 – minute chart courtesy of Trading View illustrates  the wave structure. There are Fibonacci relationships amongContinue reading “Potential Stock Buying Opportunity on 02-18-22”

The Bulls Strike Back

Elliott wave “fours” in standard impulse waves are normally shallow usually retracing a Fibonacci .382 of the third wave, or .382 of the movement from the start of wave “one” to the end of wave “three”.  The reason for shallow retracements  is  that at whatever time scale, a change of trend is  perceived, and counterContinue reading “The Bulls Strike Back”

  Choppy Rallies and Choppy Declines

Since the S&P 500 (SPX) decline bottom made on 01/24/22 the moves up have been choppy, and the moves down have been choppy. An Elliott wave – Horizontal Triangle could be forming.  This structure was examined the 01/14/22 blog “Important Cycle Point – 01-14-22” and in  the 01/19/22 blog “Horizontal Triangle Update – 01-19-22.” HorizontalContinue reading ”  Choppy Rallies and Choppy Declines”

The Next  S&P 500 – Support Level

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates  the long – term Elliott wave count and the next potential support zone. The Fibonacci .236 retrace level of the SPX bull market from the March 2020 bottom is at SPX 4198.71.  Just below this is  the bottom made on 06/18/21 at 4164.40.  ThisContinue reading “The Next  S&P 500 – Support Level”

Something Different is Happening

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates  the action on 01/24/22. The SPX went 4.7% below its 200 – day Moving Average (MA).  Moves of more than 2% below the 200 – day-  MA  imply something more bearish developing. At today’s low the SPX had declined 12.4% from the all-time highContinue reading “Something Different is Happening”