Elliott Wave Setup Sends S&P 500 12% Higher

As demonstrated in our previous article about the S&P 500, the stock market started climbing while the economy looked the weakest. Then, as the markets kept rising, a new conundrum occurred. How to explain the extremely wide disconnect between the stock market and the economy? GDP forecasts for Q2 are all over the map, ranging…

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Another Nightmarish Week, Another Illogical S&P Surge

As COVID-19 spreads across the U.S., the economy is teetering on the verge of collapse. Initial jobless claims came in at 6.6 million yesterday, bringing the three-week tally to nearly 17 million. The unemployment rate is estimated to have already surpassed its 2008-2009 recession level. Economists at Goldman Sachs, Morgan Stanley and the IMF predict…

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S&P 500 Elliott Wave Analysis Giveaway

The S&P 500 crashed by as much as 35% in just one month. And while the coronavirus outbreak was totally unpredictable, the crash it caused made perfect sense. Elliott Wave is our favorite method of analysis, but as the market kept rising we decided to back it up with fundamental data. The result was a…

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S&P 500, Against All Logic, Re-Enters Bull Market

The coronavirus pandemic forced the global economy to grind to a halt. Major U.S. stock market indices made their fastest plunge into bear market in history. In less than two months, DJIA and the S&P 500 lost 38.4% and 35.4%, respectively. “The virus is just starting to spread in the United States, the market is…

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S&P 500 – Elliott Wave Ahead of the Coronavirus Panic

It’s been a bloody week for stock investors. Markets are crashing across the globe on fears that the coronavirus outbreak, which originated in Wuhan, China, is going to become a worldwide pandemic. The DJIA and the S&P 500 lost 10.8% and 10.7% in the past four days, respectively. As of this writing, the futures market…

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S&P 500: Last Four Moves Made Elliott Wave Sense

Over a month ago, on November 8th, we published an article demonstrating the Elliott Wave principle‘s ability to predict relatively large moves in the S&P 500. As the move in question progressed we decided to take a closer look into its structure to see what is left of it. The chart below was part of…

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S&P 500: Triangle Pattern Leads to New Record High

The S&P 500 reached new all-time highs on the back of better-than-feared earnings season and improved US-China trade prospects. The index closed at 3085 Thursday, bringing its 2019 tally to the impressive 23.1%. But was there a way to predict this move instead of just explaining it after the fact? To paraphrase Warren Buffett, the…

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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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