Tag Archives: S&P500

Elliott Wave Analysis of S&P 500

The current rally in the S&P500 index looks powerful, and this should make people wonder about the medim term outlook for the US stock market. Readers might remember my post of 16 December 2011 where I suggested that we will … Continue reading

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S&P500 Elliott Wave Outlook Dec 2011

Two things are clear from the attached chart. First, there is a reasonably good chance that we will go back and forth for a few more weeks, and it is possible that one particular rally will be relatively powerful. However, … Continue reading

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S&P500 Update: May 19, 2009

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. The … Continue reading

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S&P500 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. … Continue reading

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S&P500 remains resilient

In recent updates I have called for the S&P500 index to remain well bid, warning we could see 937. That level is very close, and not far from another resistance at 943. I continue to remain positive in the very near term for the market Continue reading

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S&P500 continues its rally

The 886 level in S&P didn’t hold for long, and any shorts there should have been stopped just above that level. The market continues to remain strong, and there is a pretty good chance we will reach 937. See what … Continue reading

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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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