Author: Patrick Eugster
Wednesday, October 22, 2014
Thursday, October 16, 2014
S&P 500 ~ Elliott Wave Count ~ 16 October 2014
The break of 1905 confirmed that the Primary wave that started in 2011 is over. The SPX already lost 200 handles from the top - the biggest decline since 2011.
Below you see my bearish long-term count (I'll post a more bullish one later).
It's possible that we entered a new bear market. However, for now, it's way too early to tell. But even if this is just a correction, I think a decline to the lower trendline is likely.
Author: Patrick Eugster
Below you see my bearish long-term count (I'll post a more bullish one later).
It's possible that we entered a new bear market. However, for now, it's way too early to tell. But even if this is just a correction, I think a decline to the lower trendline is likely.
Author: Patrick Eugster
Sunday, October 12, 2014
S&P 500/Dow Jones ~ 12 October 2014
The Dow and the SPX broke below the lower trendline:
It looks like the trend is down now. I still prefer to see a decline below the August low before turning long-term bearish.
Author: Patrick Eugster
It looks like the trend is down now. I still prefer to see a decline below the August low before turning long-term bearish.
Author: Patrick Eugster
Wednesday, October 8, 2014
S&P 500/Dow Jones ~ 8 October 2014
The Dow and the SPX hit the lower trendlines again today:
As long as these trendlines hold, the long-term trend is still up.
If 17140ish and 1984ish break, we should see a rally to the upper trendline again.
Author: Patrick Eugster
As long as these trendlines hold, the long-term trend is still up.
If 17140ish and 1984ish break, we should see a rally to the upper trendline again.
Author: Patrick Eugster
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