Talk of Fed’s Taper May Cap Strength in S&P 500 (SPX)

by elliottwave-forecast.com | August 29, 2021 2:47 am
Despite the new all-time high in S&P 500 (SPX), the potential tapering by the Fed may cap the strength in US Indices. The Fed’s chair Jerome Powell will speak this Friday at the annual gathering in Jackson...

SPX Appears Set To Continue Higher Amid Bull Strength

by elliottwave-forecast.com | March 18, 2021 3:33 pm
SPX is expected to rally further and set new record highs SPX recovery from the March 2020 lows was remarkable. This was amidst skeptics favoring lower, as it was believed to have started crashing. Little did they...

Elliottwave View: SPX Upside Move Has Resumed

by elliottwave-forecast.com | January 21, 2021 4:05 pm
Short Term Elliott Wave view in S&P 500 (SPX) suggests the Index ended wave 1 at 3726.70 and pullback in wave 2 ended at 3636.48. Internal of wave 2 unfolded as a zigzag. Wave ((a)) ended at...

Elliott Wave View: SPX Resumes Correction Lower

by elliottwave-forecast.com | June 26, 2020 3:38 pm
Elliott Wave View in SPX suggests the rally from 4.2.2020 low ended at 3233.13 high as 5 waves impulse Elliott Wave Structure. Up from 4.2.2020 low, wave (1) ended at 2954.86 high and wave (2) dips ended at...

Elliott Wave View: SPX Should Extend Higher

by elliottwave-forecast.com | June 9, 2020 3:50 pm
Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave...

Elliott Wave View: S&P 500 (SPX) Recovery in Progress

by elliottwave-forecast.com | March 25, 2020 5:08 pm
Short Term Elliott Wave view in S&P 500 (SPX) suggests that cycle from February 20, 2020 high has ended at 2199.5 low as wave a. Internal of wave a unfolded as a 5 waves impulse Elliott Wave...

Elliott Wave View : S&P 500 (SPX) Reaching Inflection Area

by elliottwave-forecast.com | March 12, 2020 3:57 pm
Short term Elliott Wave view in S&P 500 (SPX) suggests cycle from February 19, 2020 high is unfolding as a double three Elliott Wave structure.  Down from February 19, 2020 high, wave ((W)) ended at 2855 low....

Emerging Market (EEM) Likely Will See New Highs

by elliottwave-forecast.com | January 31, 2020 5:01 pm
The Emerging Market (EEM) trade within the same cycles as World Indices. However, when comparing it to Indices like $SPY and $SPX, EEM lag behind after it bottomed in 11.2008. Looking at the Grand Super Cycle price...

Advanced Micro Devices INC: $AMD Reaching Target Area

by elliottwave-forecast.com | January 8, 2020 4:21 pm
Advanced Micro Devices INC ($AMD) has been in a tremendous rally since the lows in 2015. The Instrument is rallying within the Grand Supercycle, and the target is between $50.32-$61.81 area. We have been calling this target...