Category Archives: 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!

S&P 500 update: where is the top?

You will recall that in my last update of 23rd April, I had warned of another move higher. Once an extending fifth wave is completed, and we get a first sell-off, we should always be on the alert for a … Continue reading

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S&P500 index: is a top already in?

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. Continue reading

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S&P500 Elliott Wave 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 … Continue reading

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Ending Diagonal Triangle in S&P500?

On 8th April, we saw the possibility of the markets moving higher as part of the final leg of an Ending Diagonal Triangle in S&P500 index. As the attached chart shows, this up move has materialized. The question now is should we put on short positions around the current levels?
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S&P 500: Potential Ending Diagonal Triangle

On 1st April, when the S&P500 index was at 797, I suggested that we will get  a move to just short of 850 but that will be about where the rally will fail. After reaching 845 on 2nd April, the market … Continue reading

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Harmony in markets: S&P500

One of the key take-aways from Elliott Wave Analysis is that there is an underlying harmony in the markets, even though it appears chaotic while the moves are happening. It requires some effort to determine where the likely pressure points are, and a lot of guts to stake some money when those levels are reached Continue reading

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What is a significant rally in the stock markets?

I read the following in Friday’s FT and thought it is useful to quote here. “History provides some useful benchmarks. After the horrible 1973-74 bear market, equities traded up, though unevenly, until 1982 with six specific bull runs that generated an average 32 percent gain”…but, a buy-and-hold strategy over that time period yielded only 9% compounded annual gains, which merely kept pace with inflation. Continue reading

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Fifth wave extensions can make you rich!

The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts. Continue reading

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