You are here: Home » S&P 500 » Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Nov 262012
 

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge.

The move down from October 18 through November 16 looks more like an abc than a 5-wave impulse, although because wave 1’s are often “unclean”, either could be correct. My main count is that wave 1 blue of a leading diagonal ended at 1343.35, and wave 2 blue is underway, and is required to be a zigzag. Wave 2’s and 4’s of diagonals typically retrace between .66 and .81 of the preceeding wave, so if a leading diagonal is underway, the SPX is likely to continue higher to between 1423 and 1441, and then fall, likely in 3 waves to slightly below the November 16 low. If that occurs, I’ll be comparing the length of waves 1 & 3 blue to determine whether to expect a contracting or expanding diagonal. Invalidation is at 1464.02.

As a side note, I just added a 10-minute YouTube video to my site under the menu heading “Long Term DJIA Wave Count (Free Video)”. With this information now available 24-7 and free to all, this will shorten the weekly “Counts” webinar back to the originally planned 2-hours, as the coverage of counts involving quarterly candles will no longer be needed in that setting. If anything changes on my long-term count, I’ll post a new video again under that heading.

I’ve also had a number of requests for weekly access to a group of 24 screen shots consisting of my weekly, daily, 240 minute, and 60 minute wave counts of the most popular items: SPX, Gold, Oil, Treasury Bonds, US Dollar Index, & EUR/USD. Whether you are a regular enrollee in my weekly “Counts” webinars or not, let me know if this would be of interest to you. I’m considering adding it as a service.

Thanks . . Sid
http://elliottwavepre.wpengine.com

Sorry, the comment form is closed at this time.

Content Protected Using Blog Protector By: PcDrome. & GeekyCube.
ewplogotransorangews

We should stay in touch!

Register to automatically receive email notification of important new market analysis from Sid.  Register now and we'll send you FREE access to Sid's newest educational video: "Introduction to How I Combine Elliott Wave & Hurst Cycle Analysis".

You have Successfully Subscribed!