S&P500 Update: Where Next?!

Below is an excerpt of the most recent premium member major markets weekly digest, which is send out each weekend to all premium major markets members. This excerpt’s focus is on the big picture Elliott Wave count. I’ve added the pre-election year seasonal average chart to better exemplify why I prefer a certain Elliott wave…

S&P500 Update: Upside resolution of a downside set up.

Last week I reviewed the NASDAQ’s big picture and shorter-term chart patterns. As a symmetrical triangle was forming after a decline, standard charting then expects a next leg down. Instead the markets fooled the majority, including me, and resolved to the upside. How’s that possible?! Well, its all about odds. Such standard/text book price structures…

What Does The VIX Say?

Six years ago we all wondered “What Does the Fox Say?” (by Ylvis). Now it is time to wonder “What Does the VIX say?” Well, a look at the VIX daily chart shows an interesting pattern. First, there’s a (much) higher high last week compared to mid-April, while the S&P500 is marginally higher (black arrows).…

S&P500 Update: Bumpy Roads Ahead?

In last week’s update, when the S&P500 was trading at SPX2735ish, I found “the current downside could be nearing its end as price is getting very close to the wave-iii/c of wave-3/c target zones. Why do I label the current price action as both letters and numbers? Because to remain intellectually honest one must as…

S&P500 update: more down or first up then down?

Every trader and investors always wants to know what’s next for the financial markets as to position themselves correctly for the next trade. Most, rightfully so, seek advice from skilled, experienced, and knowledgeable market analysts to determine what’s MOST LIKELY next. Luckily I’ve been able to help my premium members, which include some larger private…