Category Archives: Elliott Wave

The 10/24/21 Blog “Possible US Stock Market Top – December 2021” used Fibonacci Time cycles  to forecast a possible significant top for US stocks sometime in December 2021.  This blog uses Fibonacci price analysis  on the S&P 500 (SPX) to discover a possible major top of the bull market that began March 2009. When makingContinue reading “Possible S&P 500 – Price Topping Zone”

The 10/14/21 blog noted that the S&P 500 (SPX) was near an important resistance zone that went up to SPX 4465.40. On 10/15/21 the SPX punched through this resistance zone which opens the door for a move up to at least the all-time high made on 09/02/21. The daily SPX chart courtesy of Trading ViewContinue reading “Bullish Breakout 10-15-21”

First some clarification about the prior two blogs. In the “Three Possible Elliott Wave Count” post there were only two charts shown.  The first chart illustrated two of the possible wave counts – the potential end of the Double Zigzag count and a possible continuation of the Double Zigzag. The second chart examined the possibleContinue reading ”     Nasdaq Composite – Detailed Elliott Wave Count”

The US stock market decline since early September continues struggle its way down. The 60-minute S&P 500 (SPX) chart courtesy of Trading View illustrates two possible Elliott wave counts. The 10/02/21 blog “Struggling to Go Lower – Part Two” noted that an Elliott wave Double Zigzag down was perhaps under development.  The count shown inContinue reading “Three Possible Elliott Wave Counts”

The 09/22/21 blog “One More Decline Likely” illustrated that the prime Elliott wave count had the S&P 500 (SPX) in a bearish series of “One’s” and “Two’s” down from the 09/02/21 top.  This is still a valid wave count; however, evidence is emerging that suggest the drop from the all-time high could be only aContinue reading “Struggling to Go Lower – Part Two”

The prime Elliott wave count for the S&P 500 (SPX)  is a series on “one’s” and “two’s” down based upon the  long-term bearish evidence which has been noted on this website during the last few months. The alternate Elliott wave count is a developing Double Zigzag correction within a possible ongoing bull market since MarchContinue reading “One More Decline Likely”

Since the S&P 500 (SPX) all-time high on 09/02/21 the decline has been choppy, which is  characteristic of Elliott wave corrective patterns.  However, part of the drop could be a complex motive wave. The SPX 30 – minute chart courtesy of Trading View illustrates the short-term Elliott wave count. The supposed Minuette wave ( iContinue reading “Detailed Short-Term S&P 500 Elliott Wave Count 9-17-21”

There are always alternate Elliott wave counts.  There’s no predestination in the markets and traders need to be aware the various paths a market could take.  The prime wave count for the S&P 500 (SPX)  from the 03/23/20 bottom has been that an Elliott wave series of “one’s” and “two’s” up formed between March toContinue reading “Long -Term S&P 500 Alternate Elliott Wave Count 09-12-21”

Over the last few months there have been  breaks below support levels with no downside follow through.  Ravenous buy the dip bulls quicky rushed in creating only  marginal break throughs. Friday 09/10/21 the S&P 500 (SPX)  broke below support noted in the prior post “Important S&P 500 Support”.   Monday 09/13/21 could be an importantContinue reading ”        Important S&P 500 Support Broken”

On 09/07/21 the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI).  I refer to this as a “Rule of the majority” signal. When one of the three main US stock indices makes a new high/low unconfirmed by the other two main indices,Continue reading “New Moon Bearish Signal 09-07-21”