Thursday, December 1, 2011

S&P 500 Mid-Term Elliott Wave Count

The S&P 500 looks like it has one small rally left in to clear several overhead technically significant resistance lines. This should take prices past the end of Wave A Green and will likely result on most everyone turning bullish allowing the market to finally head lower in a third wave. Get ready for some fireworks!

Wednesday, November 30, 2011

S&P 500 B Wave Correction potentially complete

The S&P 500 appears to have complete a 3 Wave correction and should continue to make new highs tomorrow and possibly thursday also before a large impulse lower unfolds.

Tuesday, November 29, 2011

US Dollar Index Mid-Term Update

I am not sure if what I have labeled as Wave 2 Green is actually only Wave A Blue of Wave 2 Green. This would imply we are nearing the end of a Wave B Blue. If we see the high of Wave 1 Green exceeded, there is a good chance of a breakout much higher.