S&P500 Update: Where Next?!

Below is an exerpt of last weekend’s premium member major markets weekly digest. This 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 option…

NASDAQ Big Picture Update

The NASDAQ has IMHO two major options according to my Elliott Wave analyses: Cycle-3 topped in 2018 and Primary-C of Cycle-4 (C4) gets going to ideally around $6000+/-500 (Figure 1) or, Primary-V is underway in an ending diagonal fashion to complete Cycle-3 (C3) at around $9500+/-250 before Cycle-4 sets in (Figure 2). I fully understand…

Webcast: Big Picture Review of Metals and Miners

Last Friday we held our 2nd free bi-monthly webcast and in this seminar our Metals and Miners expert Michael Boysen (@mpboysen3) went over what he is seeing in the metals complex from a big picture Elliott Wave POV. The webinar can be downloaded and viewed here. Or simple click on the picture below (this will open…

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).…

To Infinity and Beyond Meat – BYND?!

In seven short weeks after its Initial Public Offering (IPO) Beyond Meat (BYND) soared up to 700%: from $25 to $202. It may have made many new millionaires, but unless traders and investors can sell their shares and are not locked in for too long, it is likely BYND will experience the meat grinder (or…