Quo Vadis, S&P500 index?

When one is dealing with a complex correction, it is best to let others do the trading while you sit back and watch. This is what I have done with the S&P 500. I made my views clear. I pointed out this was a complex correction. A lot of people are trying to figure...

Elliott Wave Analysis of S&P 500

The current rally in the S&P500 index looks powerful, and this should make people wonder about the medim term outlook for the US stock market. Readers might remember my post of 16 December 2011 where I suggested that we will probably see one strong rally in the...

S&P500 Elliott Wave Outlook Dec 2011

Two things are clear from the attached chart. First, there is a reasonably good chance that we will go back and forth for a few more weeks, and it is possible that one particular rally will be relatively powerful. However, just when everyone starts to cheer, I suspect...

S&P500 index breaks higher: update 2nd June 2009

The Index Makes Fresh 2009 Highs After repeated failed attempts to break the support at 880 levels, the S&P500 index has finally rallied to fresh 2009 highs. Where does this leave the Elliott wave analyst who has been looking for an eventual move lower towards...

S&P500 Elliott Wave Update: 21 May 2009

S&P500 Daily Chart 21 May 2009 When we are seeking an imminent reversal we are happy to spot anything that seems to support our view! This is a normal trader behavior. There is nothing wrong about that, because we could still be right! However, I suggest that you...