S&P 500 ~ Elliott Wave Count ~ 31 July 2013

I'm still looking for one more rally above 1700 in August:

(link to previous count)

Gold ~ 28 July 2013

I'm still unable to post daily for two more weeks. The next update should follow on Wednesday.

We got the expected rally to 1350:

As mentioned earlier this month, if 1350ish is convincingly breached, 1180 was most likely a long-term low. A break of 1350 should lead to a rally to 1480/1550.

S&P 500 ~ Elliott Wave Count ~ 28 July 2013

It looks like we'll get one more wave higher before a bigger correction. The current short-term correction might continue for a few more days. After that, we should see wave [v] to complete wave 5 sometime in August.

(link to previous count)

(link to previous count)

S&P 500 ~ Elliott Wave Count ~ 21 July 2013

Unfortunately, I can't post any updates for the next three weeks (except on the weekends). Thus, this is the last one for a while.

(link to previous count)

I'm not quite sure whether waves [iii] and [iv] are already over (and we are now in wave [v] to conclude wave 5 in late July/early August) or whether we are still in wave [iii]. Whichever count is correct it looks like a correction in August is likely. However, for now, the trend is still up.


Regular updates will continue on August 9th.

S&P 500 ~ Elliott Wave Count ~ 17 July 2013

(link to previous count)