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
Friday, October 3, 2014
S&P 500/Dow Jones ~ EOD ~ 3 October 2014
The SPX and the Dow hit my target levels yesterday and then started to rally again.
If the Dow breaks 17140ish, we should see a rally to the upper trendline again at 17400ish.
A rally above 1984ish should clear the way for new highs.
Author: Patrick Eugster
If the Dow breaks 17140ish, we should see a rally to the upper trendline again at 17400ish.
A rally above 1984ish should clear the way for new highs.
Author: Patrick Eugster
Wednesday, October 1, 2014
S&P 500 ~ Intraday ~ 1 October 2014
The SPX hit my target at 1944ish:
We could see a at least a short-term rally now.
Author: Patrick Eugster
We could see a at least a short-term rally now.
Author: Patrick Eugster
Monday, September 29, 2014
S&P 500 ~ EOD ~ 29 September 2014
As long as we are below 1984 I think the next target should still be 1944ish:
Author: Patrick Eugster
Author: Patrick Eugster
Thursday, September 25, 2014
S&P 500 ~ EOD ~ 25 September 2014
The SPX lost 32 handles today after breaking the support at 1984:
The next target should be 1944.
Author: Patrick Eugster
The next target should be 1944.
Author: Patrick Eugster
Wednesday, September 24, 2014
S&P 500 ~ EOD ~ 24 September 2014
Once again, the SPX turned at the support at 1984ish:
As long as this level holds, the medium-term trend is still up. If it breaks, a decline to 1944ish is likely.
Author: Patrick Eugster
As long as this level holds, the medium-term trend is still up. If it breaks, a decline to 1944ish is likely.
Author: Patrick Eugster
Monday, September 22, 2014
Dow Jones ~ Elliott Wave Count ~ 22 September 2014
If the strong support level.at 17130ish breaks, the Dow Jones could decline to the lower trendline again, currently at 16600.
Author: Patrick Eugster
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
Whatever the case may be, I think the next stop is 2040ish.
Author: Patrick Eugster
Wednesday, September 17, 2014
Dow Jones ~ Elliott Wave Count ~ 17 September 2014
So far, the diagonal looks pretty good. For a long-term count see here: http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html
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
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
If 1200 breaks though, a sell-off to 1000 could occur.
Author: Patrick Eugster
S&P 500 ~ Pre-Market ~ 15 September 2014
The SPX is trading right at the support at 1984ish. As said in earlier posts, if this level holds, the current correction is only short-term and we should see higher prices soonish. If it is convincingly broken though, a decline to 1945ish is likely.
Author: Patrick Eugster
Author: Patrick Eugster
Thursday, September 11, 2014
Tuesday, September 9, 2014
S&P 500 ~ Elliott Wave Count ~ 9 September 2014
The SPX hit the support at 1984ish today. As long as this level holds, I still think that we'll see higher prices. However, as long as 2010 isn't broken, we're in neutral territory.
Author: Patrick Eugster
Author: Patrick Eugster
Monday, September 8, 2014
EUR/USD ~ 8 September 2014
The sell-off in the EUR/USD continues and we're quickly approaching the very strong support area at 1.275-1.28. I expect at least a small bounce at this level.
Author: Patrick Eugster
Author: Patrick Eugster
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