Tag Archives: S&P500

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

Share
Posted in S&P500 | Tagged , , , , | 6 Comments

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

Share
Posted in S&P500 | Tagged , , , | 6 Comments

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

Share
Posted in S&P500 | Tagged , , | 4 Comments

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

Share
Posted in S&P500 | Tagged , , , | Leave a comment

The Gold Rush (for the exits)

A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite recover sufficiently to give us another chance to shout “sell”. Continue reading

Share
Posted in Gold, Nasdaq | Tagged , , , , | Leave a comment