Technical analysis on S&P500 using Elliott Wave Analysis including charts, Fibonacci ratios
Can we call the sideways consolidation in SNP500 a wave 4? You can observe that the SNP500 Index is in a sideways move while the markets are waiting for the final results of the 2020 US Presidential election. From an Elliott Wave perspective, can this be called a wave 4? This is the kind of…
Continue reading →I am posting this around 1.30 pm EST on 3rd April. The S&P500 index is straddling the bottom of a diagonal triangle, and a break seems imminent. What you can learn from the chart below is how the internal waves are all so related to each other, and have followed the Elliott Wave rules. Enjoy.
Continue reading →Please see my comments on Forbes.
Continue reading →Now that the S&P500 has entered the 1435-1450 window that I had discussed in my Forbes article, it is natural that we ask ourselves what next for the index. I thought maybe this is a good time to spell out my approach to the markets again. Elliott Wave analysis is a great tool to have…
Continue reading →In his latest post on Forbes, Ramki says that Elliott Waves warn of a big tumble ahead for stocks.
Continue reading →When one is dealing with a complex correction, it is best to let others do the trading while you sit back and watch. This is what I have done with the S&P 500. I made my views clear. I pointed out this was a complex correction. A lot of people are trying to figure out…
Continue reading →I had written this piece for Forbes over the weekend, and it was published in the US edition Monday morning. Here is the link : Stock market rally a chance to get out
Continue reading →I had the pleasure of spending a few minutes with Forbes Editor John Dobosz yesterday and here is the video link of the discussions we had on Elliott Waves.
Continue reading →A detailed Elliott Wave analysis on S&P500 is posted on Forbes here. But here are two charts that are relevant. The first chart shows the big picture and a five wave move from 667 to 1370. We got a correction down to 1074 before another rally commenced. The next chart shows you how I would…
Continue reading →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 probably see one strong rally in the index. What is happening now is part of…
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