Let’s take a quick look at the developing potential Elliott Wave Structure of the S&P 500, starting with the Daily Chart and then dropping to the 60-minute timeframe (mid-day update). S&P 500 Daily Chart: Without going into too much detail, price appears to be in Wave 3 of terminal Wave (5), with perhaps a few…
Wow – what a day. We had another surprise news rally that drove the market higher against the overwhelmingly bearish backdrop. It was a near-repeat of February 12th, when all signs pointed lower though price rallied sharply into the close thanks to a news leak… but that’s not what’s important. Let’s look inside the DIA…
Tuesday’s off to a horrific start for the bulls as the indexes are down over 3% mid-day. Let’s see this in the broader context of the S&P 500’s Daily Chart and overlay a possible Elliott Wave Count complete with terminal projection and proposed pathway. S&P 500: This is my preferred count for the moment, which…
With a new week upon us and the broader markets finely balanced between key inflection points, I thought it might be a good idea to take a longer-term view, using Elliott Wave, on the US Dollar Index. US Dollar Monthly: (You’ll need to click for a larger view) I’ve fractalized the count starting back with…
A few readers have asked me to take a look at Gold prices and I will do so, starting with a possible Elliott Count on the Weekly chart and then dropping down to see resistance and an interesting structure on the Daily Chart. Gold Prices ($GOLD) Weekly: Ok, let’s take this slowly. I’m not saying…
Did you know Elliott Wave can be applied to the intricacies of the One-Minute Charts? I wanted to show an example that occurred just a few hours ago that details a possible Elliott Wave overlay that captured the full structure of the minuscule movements on the DIA 1-min chart on February 9th. DIA 1-min Chart…
It’s time to update the Elliott Wave count and see what might be happening in the S&P 500 and how we might manage risk accordingly. Possible Elliott Wave Interpretation on the S&P 500 Index: This count assumes that the larger Third Wave has indeed completed. Refer back to my December post that asked “Which Elliott…
Analyzing gold may seem difficult for traders, but let’s look at a related market – silver – to see if we can gather any insights from the Monthly or Weekly charts in this precious metal – hint: the picture looks a little clearer. Silver ($SILVER) Monthly: I’ve annotated this chart with a possible preferred Elliott…
With a very volatile week behind us, let’s step back and take a look at the XLF Financial Sector from its 2007 peak to present. XLF Financial SPDR: The XLF actually topped in May 2007, five months ahead of the October 2007 stock market top which underscores the assumption that Financials lead the broader market. …
I know – who trades Feeder Cattle? While browsing various commodities, I came across what appeared to be a rather ideal example of the Elliott Wave principle playing out in @FC Feeder Cattle futures contracts and I wanted to show you the pattern – if you want, you can pretend it’s a stock or index…