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…

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…

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…

S&P500 now on track for 2485-2505 target zone

In last week’s update of the NDX, see here, I correctly questioned if an important top was struck or not; and was correctly seeing higher prices regardless.  I ended my update on a Bullish note “The two prevailing counts on the S&P500 are … : major-3 top in, vs minor-5 of intermediate-v of major 3…

S&P500 remains on track for 2300-2280.

“Less is more.”, “No need to change the winning team.”, “Forewarned is forearmed.” Great sayings that mean nothing is you can’t back them up. Well, starting late-February we already warned of an impending intermediate-term market top and correction, which we then backed up again early-March. See here and here. We then showed the weak weekly…

DOW suggested today was expected 

Yesterday we provided the below chart of the DOW with our preferred Elliot Wave count. We found nice Fib-extensions for blue (nano) waves iii and (orange) micro 3.  We now expect the market to retrace to the orange target zone for micro 4, before micro 5 can target ~21000.  So far the futures strongly suggest…