S&P 500 – Join the ‘Being There’ moment in Financial History!
Have you wondered what direction the S&P is unfolding into lately? Since the late-March low formed at 2045.50, the index has traded to new record highs but it’s not been a straightforward advance – quite the contrary in fact! ‘Volatility’ seems to be a more accurate description of its upward progress as each advance is […]Continue reading «S&P 500 – Join the ‘Being There’ moment in Financial History!»
S&P 500 daily analysis (EWT + Momentum study)
S&P 500 is topping. Yes, there are little doubts about that, the only question left is do we have one more additional upswing prior to staging the big decline or not? Last week we showed deteriorating weekly market internals, today we focus on the daily chart. Basis our preferential Elliott Wave count, the advance that […]Continue reading «S&P 500 daily analysis (EWT + Momentum study)»
Summary
A comparison between U.S. and European indices suggests the mid-November upswing has completed. For the S&P and Dow Jones, this advance represents wave ‘X’ within a larger counter-trend double zig zag decline that began from the October high whilst for the Eurostoxx 50, it ends a 5th wave within the larger impulse advance that began […]Continue reading «Summary»