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S&P500
Hello! If you are looking for a technical update on S&P500 using Elliott Wave Analysis, then you have come to the right spot. I’m sure you will find loads of interesting stuff in these pages. Enjoy!
Elliott Wave Update on S&P500
It has been a few days since I gave you an elliott wave update on S&P500. A complex fourth wave correction is difficult to trade. But nearly as bad is the gut-wrenching second retracement that shows up when a fifth wave extension is finished. The comforting thing about either scenario is we are in the [...]
S&P500 poised for a sell off
We have been getting ready for a big sell off in S&P500 from around the middle of May. If you go back to the 19th May post, and subsequent posts on the S&P 500 index, you will see two things. (a) I have remained faithful to the fifth wave extension theory since then (b) we [...]
S&P 500 breaks higher: update 2 June 2009
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 780?
S&P500 Elliott Wave update: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 read about what an “Outside Day” is.
As I have been saying, we do [...]
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