S&P500 Elliott Wave Analysis update

We got the break in the index as anticipated, and the recovery looks good too. Be alert for a failure inside the wedge so you can join in soon after. Here is your chart. S&P500 Elliott Wave update Related S&P500 links: Was that the stock market bottom? SNP500...

S&P500 elliott wave update: May 19, 2009

The S&P500 index can go back to the highs One of the hardest decisions a trader makes is to take a punt against the current trend. It is seldom profitable immediately, and he worries how far away the market will go before his view becomes the accepted thinking....

Fifth wave extension of S&P500 completed

S&P500 is ready to dive On 5th May I presented you with this chart. The market more-or-less behaved as expected. In a more recent update I warned you to be patient until we get the first clue of a topping out is shown to us. The reason is quite simply we won’t...

S&P 500 up trend target

The current uptrend in the S&P500 has more time to go In recent updates I have called for the S&P500 index to remain well bid, warning we could see it reach its first target of 937 in this short term up trend. That level is very close, and not far from another...

S&P500 index: Is a top already in place?

First, remember that we are not discussing a major top for S&P500. What we are focusing on now is the top around 875 because we determined that a five wave rally that had a diagonal triangle in its fifth wave position is badly in need of a correction! Having...