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: Shake ‘n Bake Baby!

The markets were down significantly in the morning and overnight with the Futures hitting as low as 2883… Surprised?!? Rally off the December low over?!? Well, to answer the first question: For my premium members today is really no surprise at all. Why? Well, I can’t claim I get it always right, NOBODY can, but…

RUSSELL2000 Update: Fibonacci at work.

Anybody who follows the market with some level of interest is, or should at least be, aware of the importance of the Fibonacci sequence, its related golden ratio, and spiral (see featured article image) I will not go into detail explaining who Fibonacci was, what he discovered and how important his findings are in understanding…

S&P500 update: Keep It Simple Stupid

Over the past few weeks I featured the below weekly chart of the S&P500 to my premium members as it is so elegantly simple, aka KISS (Keep It Simple Stupid). One really doesn’t need to know “Elliot Wave” (albeit the wave-labels are shown according to where I prefer to  see where the market is) to…

NDX Update: Sunny with a chance of pain?

Over the past many weeks, starting June 3 (see here), I have been looking for the NDX to reach $7500 through completing an impulse wave pattern.  On July 25 the index reached $7511 and reversed hard over the next three days. But, after that quick 2.8% drop to the 50-day Simple Moving Average the index…