Dow Jones Update: The King is back!?

The rally off the December ’18 low has been rather relentless. My initial expectation in mid-January -see here– was for a three-wave rally (a, b, c) with wave-a to SPX2625-2640, wave-b to SPX2500 and then wave-c to SPX2780. However, price exceeded the wave-a target zone and topped at SPX2675, then dropped ~60p, consolidated, and here…

Market Update: Free Premium Weekly Market Digest

Over the past weeks I’ve updated you on my view of the “State of the US major market indices”, see here, here and here, and how the recent technical breakout was to be interpreted as Bullish until we’d see a move below breakout levels. That move down has yet to materialize and when assessing the current state of…

S&P 500 update: The market has spoken.

Over the past few weeks I kept you abreast on the different possibilities the market had. See here and here. Some of you “complained” those were “too many options”, but I don’t make those options, the market does, and any Elliot Wave practitioner worth his/her salt will report on the market’s options because EWT is…

DOW JONES monthly chart update

With the month of May now in the books, it’s time to review the monthly charts. Here we’ll take a look at the DOW JONES. What we can observe is that relative strength (RSI5) is very high (i.e. strong uptrend), but rather overbought and displaying slight negative divergence. Over the past 20 years similarly high…

S&P500 update: how did we do, and what’s next?

Since “the proof is in the pudding”, and “past performance is [in this case] a guarantee of future results”, and “you are only as good as your last trade” 🙂 let’s first take a look at how well we did in predicting the recent market decline before forecasting what’s next. The chart below shows our…