Can 3’s end a 5 wave pattern?
The S&P 500 has been approaching an important high during the last few weeks as its five wave impulse advance beginning from the June ’12 low of 1266.74 nears the completion for intermediate wave (3). This is affirmed where minor wave i. one of (3) is extended by a fib. 161.8% ratio to project minor […]Continue reading «Can 3’s end a 5 wave pattern?»
Russell 2000 leading U.S. decline
The Russell 2000 index which is compiled of small capitalisation companies tends to lead the broader U.S. stock market – directionally upwards and downwards. Small companies are more sensitive to economic conditions and assume more risk than larger, more-established companies that make up the S&P 500. The relationship between the S&P 500 and the Russell […]Continue reading «Russell 2000 leading U.S. decline»
A little bit of practice
Dear Elliott Wave Enthusiasts! I’d like to tell you that we’ve just published a BONUS REPORT on Precious Metals into the Elliott Wave Compass report. But first, I’d like to ask you a question. How good are your eyes at recognising and identifying Elliott Wave patterns? R.N.Elliott documented 13 specific price-patterns that form his Theory […]Continue reading «A little bit of practice »