The S&P 500 index continues to exhibit bullish momentum, with analysts projecting a target of 7,120 based on the Elliott Wave Principle. This article will delve into the current market dynamics, the ...

The Elliott Wave principle was first developed by an accountant, Ralph Nelson Elliott, to describe, and ideally predict, market cycles. Utilizing technical analysis and group psychology, it identifies ...

The index bottomed out for a 4th wave on October 14 and is now in a 5th wave toward our ideal, long-standing target of 7120.

Over the past several updates, as seen here and here, we have been tracking a rally to SPX 6690+/10, from which we expected a 3-5% pullback before the next rally to approximately SPX 7120 would ...

When it comes to Elliott Wave principle, the most important thing for me is to focus on clear wave structures. I don’t want to spend time on price action that is messy, choppy, and very hard to read.

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. On my-March17, 2010 instant blog, I wrote about DIA “I see very strong resistance at 108. If DIA crosses this ...

Before we can forecast what’s most likely next, we must first always look back to prior analyses. To that extent, three weeks ago, we found using the Elliott Wave Principle (EWP) for the S&P500 (SPX) ...

As recently as 23 January 2024, Bitcoin was at a low of $38,460, and today, in just about four weeks, it has rallied to a high of $63,933, a gain of over 66% from that low. As regular readers of my ...

In our previous update, see here, and as shown in Figure 1 below, we found for Bitcoin (BTC USD) by using the Elliott Wave Principle (EW) that, “… the next rally may be imminent, because second waves ...

While we have been monitoring the S&P 500 to reach 7120 for some time, in our previous update, we demonstrated that, according to the Elliott Wave Principle (EW), a) the government shutdown would not ...