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…

NASDAQ Update IV: And We Have Lift-off!

Over the past weeks I’ve kept you successfully and timely updated on the NASDAQ-100 (NDX) and RUSELL2000 (RUT) Elliot Wave Counts, as these indices have been hitting the forecasted price targets to the T. Let’s review what I forecasted and what transpired: June 3: I forecasted the NDX to reach $7165-7290 (see here). June 15: the…

NASDAQ-100 update II: You have arrived!?

Two weeks ago I was looking for the NASDAQ-100 (NDX) to reach the “Ideal target for all of minor-5 / intermediate-iii: $7165-7290.” Well… “You have arrived” 🙂 as it tagged $7291.31 on Thursday after nicely subdividing -as forecasted- and since started to decline a bit. That’s what expert and accurate stock market forecasting does for…