Monday, September 22, 2014

S&P 500 ~ Elliott Wave Count ~ 22 September 2014

Author: Patrick Eugster

Thursday, September 18, 2014

S&P 500 ~ Elliott Wave Count ~ 18 September 2014

It's rather difficult to tell whether the decline to 1980 was a fourth wave, as shown in the chart below, or only a second wave of a much larger motive wave up.
Whatever the case may be, I think the next stop is 2040ish.

Author: Patrick Eugster

Tuesday, September 16, 2014

S&P 500 ~ Intraday ~ 16 September 2014

The bears tried repeatedly but eventually failed to break 1984ish convincingly. The SPX broke out of the declining channel today and should now head towards the all-time highs.

Author: Patrick Eugster

Monday, September 15, 2014

Gold ~ 15 September 2014

Gold has been declining since early July and is quickly approaching the strong support at 1200. If this level holds, we should get a bounce to the declining trendline, currently at 1325ish.

If 1200 breaks though, a sell-off to 1000 could occur.

Author: Patrick Eugster