Category Archives: Elliott Wave

During  the first half of the S&P 500 (SPX) 04/06/22 trading session the bottom was 4460.00, only a few points below the .382 retracement of the 03/14/22 to 03/29/22 rally.  The exact level is 4463.72. There’s also a secondary Fibonacci coordinate of Minor wave “C” equaling Minor wave “A” at 4455.63. It looked as  ifContinue reading “Support Reached and Breached”

The 03/31/22 blog noted that the S&P 500 (SPX) low on 03/31/22 was just above the Fibonacci .236 retracement of the rally from 03/14/22 to 03/29/22. The next day the SPX broke below the .236 support level yet failed to reach the .382 support zone.  The 5 – minute SPX chart courtesy of Trading ViewContinue reading “S&P 500 – Decline Update”

Today 03/31/22 the S&P 500 (SPX) closed at the low of the day in the largest and longest correction since the 03/14/22 bottom.  The 15-minute SPX chart courtesy of Trading View illustrates the recent action. The 03/21/22 blog “S&P 500 – Fibonacci Time Connection Between 2010 and 2022.  Illustrated that an Elliott wave – HorizontalContinue reading “Declining into Support”

On 03/22/22 the S&P 500 (SPX) may have completed a short-term top. The 15-minute SPX chart courtesy of Trading View illustrates the short -term Elliott wave count. There’s a  five – wave impulse pattern up from the presumed Primary wave “4” Horizontal Triangle termination  point.  Within the five-wave structure Minor wave “5” is  close 50%Continue reading ”    Short – Term Top Could be in Place 03-22-22″

The 03/15/22 blog “S&P500 – Fibonacci Time Analysis 03-15-22” noted that there could be a Fibonacci time relationship between the S&P 500 (SPX) presumed Primary wave “2” decline April to June 2010 with the SPX January to March 2022  Primary wave “4” decline.  On 03/15/22 it looked like the SPX decline from 01/04/22  was anContinue reading “S&P 500 – Fibonacci Time Connection Between 2010 and 2022”

The prior blog illustrated a presumed Elliott wave – Expanding Flat correction for the S&P 500 (SPX)  that’s been developing since November 2021.  This blog zooms in on the third part  of the Expanding Flat.   This  phase began at the all-time high in early January 2022 and appears to be an Elliott wave – EndingContinue reading “Detailed Examination of an Ending Diagonal Triangle”

Elliott Wave – Ending Diagonal Triangles (EDT) are  termination  patterns that appear only in the fifth wave positions of motive waves and in wave “C” of corrective waves.  They frequently show up in the  “C” wave of Expanding Flats. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates an  Expanding Flat that beganContinue reading “Expanding Flat Could be Nearing Completion”