A Special Letter about the State of the Stock Market

Dear Fellow Elliotticians Most major stock markets have been in a bull market for almost a decade. Unfortunately, after last week’s selloff it is now evident that this bull market is over. The S&P 500 is down 17.8% from its all-time high reached three months ago, despite a still strong economy and relatively low interest…

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SPX Was Recovering… And Then it Wasn’t

The S&P 500 fell to an intraday low of 2583 yesterday, bringing its total decline to 12.1% from the top at 2941 in September. In Wall Street’s dictionary, a pullback of more than 10% is officially a correction and many are already worried about the big bear market ahead. On the other hand, it was…

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S&P 500 Rallying Sharply, but Not Unexpectedly

S&P 500 bulls had a terrible October. The index was down 11% at one point, but managed to minimize the damage and finished the month down 7.3%. November, on the other hand, is looking a lot better, following a recovery of almost 100 points in the first seven days. President Trump’s reported request for a…

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SPX: Do Not Miss the Forest for a Tree (Like We Did)

We show you how nailing the big picture is still not enough if you lose yourself in irrelevant details The SPX plunged 95 points or 3.3% yesterday. In this article we will tell you about a mistake we made, namely missing the forest for the trees, so you do not make it yourself next time.…

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Zigging When the S&P 500 Zags

Yesterday, the S&P 500 reached the 2600 mark for the first time in history. But the journey has not been a smooth one, especially in during the last month. On October 23rd, the index was trading near 2580. Then it fell to the low 2540s, before jumping to a new all-time high at 2596 on…

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SPX Selloff and Trump’s Political Mess

Calling for Donald Trump’s impeachment intensified after the President fired FBI’s director James Comey on May 9th in a move resembling Richard Nixon’s firing of special prosecutor Archibald Cox, who was appointed to investigate the Watergate scandal in 1973. A week later, as if to make things even worse, Trump allegedly revealed highly classified information to Russian…

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S&P 500 Three Days Ahead of the Fed

The S&P 500 was very indecisive at the start of the week. The index has been moving sideways between 2130 and 2154 until Wednesday, when the bulls finally managed to break out of the consolidation and continue higher.  We even saw 2180, before today’s retreat, so those, who have been bullish near 2130 on Monday, must be…

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Catching the Phenomenal Reversal in S&P 500

It is only Tuesday and the S&P 500 is already stealing the show. After the sharp sell-off on Friday, the index made a sharp bullish reversal and climbed above 2161 yesterday. Friday’s news was blaming the Fed for the crash. Monday’s news says that stocks are rising despite the Fed. Apparently, following the news is not…

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Buying S&P 500’s Breakout? Too Late.

The S&P 500 just climbed to a new all-time high above 2138. Obviously the bulls are back, but you may have heard that joining the bulls near record highs is rarely a good idea. If you are banging you head in the wall for not buying the dip five months ago, you are probably not…

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Common Sense Killing Bears in S&P 500

Just like almost all other markets, the S&P 500’s collapsed after the British referendum results last week, as well. The political and economic uncertainty is not going anywhere so most might think the index was supposed to continue much lower. Well, the market did not think so. The S&P 500 bottomed out at 1990 and…

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S&P 500 Between a Rock and a Hard Place

This week is a disappointment in the making for S&P 500 bulls. Soon after the index climbed to a new multi-month high above 2120, the rally lost momentum, causing the prices to fall back down to 2099 so far. And since there is no point in searching for the reason for S&P 500’s false breakout,…

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S&P 500 Was Not Easy to Decipher

Last week the S&P 500 fell to as low as 2025 and the majority of experts and market participants were expecting the weakness to continue this week. But instead of simply extrapolating the old trend into the future, we made a careful and comprehensive Elliott Wave analysis, in order to prepare our premium clients for…

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S&P 500 Multi-Chart Elliott Wave Analysis

The S&P 500 had its worst week since the middle of February. Last week the index managed to reach 2100, which gave hope to the bullish majority, but eventually fell sharply to 2051 on Friday, April 29th. Most market participants are searching for “the Holy Grail” of forecasting methods, in order to be able to…

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Elliott Wave Reasoning in S&P 500

It was not the best start of a week for the S&P 500. The index opened with a bearish gap and continued a little further to the south, before finding support near 2064.50 and resuming the uptrend. And while the Doha oil talks failure can be used by mainstream media to explain the S&P 500’s…

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Predicting the Ups and Downs in S&P 500

Last week was very disappointing for the S&P 500 bulls with the index falling from 2079 to 2033. And just when the bears thought they were in control, the market found a way to break their hearts too by rallying back up to 2083 so far. The markets are notoriously known for changing direction, when traders least…

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