S&P500 update: more down or first up then down?

Every trader and investors always wants to know what’s next for the financial markets as to position themselves correctly for the next trade. Most, rightfully so, seek advice from skilled, experienced, and knowledgeable market analysts to determine what’s MOST LIKELY next. Luckily I’ve been able to help my premium members, which include some larger private…

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…

Will the NDX determine where the SPX goes next?

This is an update to the July 8 Premium Member Weekly Digest. 4th waves tend to typically retrace 23.6 to 38.2% of the prior 3rd wave. In this case intermediate-iv of intermediate-iii on the NDX, and these retrace levels correspond to $5600-$5414. It is impossible to know before hand which retrace level it will be…

S&P500: What is the significance of the next top?

This is a summary of this week’s weekly digest, available to premium members only. Last week’s price action suggests either minor-b of intermediate-iv is underway or minor-1 of intermediate-v. Either way we expect one more rally to SPX2407-2417, with an ideal target of SPX2410 before this up-wave ends. But, a break below SPX2378 without making…

SPX 2350 target reached, what’s next?

In August last year we already shared a very simple symmetry breakout target for the S&P500 of SPX2350, based on its long term chart, see here, and we’ve had this chart available to our premium members for even longer. This week the S&P500 reached that target, see below. Mission accomplished? Can we now sit and…

Is a VIX below 11 bearish for the market?

Many market pundits have pointed out the low VIX over the past weeks, with the last three days even below 11, as a reason of a pending (large) market correction because traders and investors are supposedly “complacent”, and “without fear”. But, is that the correct assessment? We think it is not. Why? The VIX is…