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…

A review of the NASDAQ’s charts

This is an excerpt of this week’s digest available to premium members only. Contrary to the DJIA, click chart to the right, the daily chart of the NASDAQ (see below) has no peak relative strength values (RSI5) but instead sports negative divergences, has triple negative divergence on the MACD and contrary to the DJIA peak money flow…