Tag Archives: elliott wave analysis of S&P500

S&P 500 breaks higher: update 2 June 2009

Posted on June 2, 2009 by Ramki

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?

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S&P500 Elliott Wave update:21 May 2009

Posted on May 21, 2009 by Ramki

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 … Continue reading →

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Ending Diagonal Triangle in S&P500?

Posted on April 20, 2009 by Ramki

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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