Ramki has been invited to speak at this important event in Mumbai, India, on 1st May, 2015

Apr 222009
 

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
S&P500 Elliott Wave update

Related S&P500 links:

Was that the stock market bottom?
SNP500 revisited
S&P500 and Citi

Fifth wave extensions can make you rich!

What is a significant rally in the stock markets?

Harmony in markets: S&P500

S&P 500: Potential Ending Diagonal Triangle

Ending Diagonal Triangle in S&P500?

S&P500 index: is a top already in?

S&P 500 update: where is the top?

S&P500 continues its rally

S&P500 remains resilient

S&P500 ready to dive?

S&P500 Update: May 19, 2009

S&P500 Elliott Wave update:21 May 2009

S&P 500 breaks higher: update 2 June 2009

  6 Responses to “S&P500 Elliott Wave update”

  1. Hi Ramki,

    Thanks to your visionary charts and advice I am short June SPX from 857 and it already a free trade (moved s/l to entry) so lets see how it goes at £10 per point spread bet

  2. I wonder about your thoughts on trading this move using ETF or ETN’s? I realize, there are no stops.
    What is the ideal vehicle? I’m not familiar with your preferences. Thanks for this terrific site, for all your kind energy. A breath of fresh air!

    • Hi John, I think SPY is a great way to trade the index. It is very liquid, and behaves quite techically too. For now, I see some supports at 83 level, and would prefer to wait for 87 before I will consider selling. There is a slight chance for 89 before down. Target between 76.50 and 78.00. Good luck.

  3. i m out with a small profit-enough to pay my petrol bills for week-lol

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