Elliot Wave Analysis

S&P:

Update of post 626 - new price pattern (wave v) has started.

Sixer

Update from WaveTrack for S&P and NDX:

Comments:
This year’s declines from January’s highs have been labelled as unfolding into an expanding flat corrective pattern as minute wave 4.
However, it is now changing into a triangle based on a ZigZag in wave (c).

Sixer

Update: Pair has begun dropping as expected. SL moved to breakeven

We have earlier charts from Sixer regarding s&p, plus the delta counts suggesting a reversal ahead. not refuting that but stating a possibility that wave 5 ended in the last high and here is a chart suggesting a bearish start for stocks. (SNP). If next week, there is a new low made then the probability for a bear trend is more. Here is my chart

S&P:

I still count the price pattern (wave "iv") since the end of jan. 18 as "Irregular Flat".
The date for the next LTD-2 high (black) - not shown - is middle of jan. 19.

Sixer

Edit:
A.Tiedje also considers wave "iv" of the DAX Future as finished.

Thanks for the charts Sixer. We will see as things develop further.

Meanwhile Gold has been picking up with a good bullish daily candle on Thursday which looks like it will continue up. Here is a chart on it.

This is my actual take on Gold.

Sixer

Thanks for the chart sixer.

So i guess if gold goes up and crosses wave 1 , only then i guess, you might be convinced.

anyway, if stocks will go up, then i guess gold might come down as money will flow back to risky assets. So we will see how this develops this week and make a conclusion.

Thanks again sixer.

P.S what's your take on usd/jpy daily?

EWMI and Wave Track confirm the end of wave "iv" for the US-Indices.

Sixer

P.S. I don`t follow the usd/jpy.

thanks a lot for the chart sixer. Feeling pretty confident on wave 4 of stocks being completed. waiting for wave 2 to complete to join the rally for wave 3.

S&P Update - he/she counts the price pattern since the low as A-B-C, now wave C as a special impulse pattern (Ending Diagonal) is unfolding.

Sixer

Edit:
FDAX with corrective price patterns since the low also ...

Crude Oil:

The price pattern of wave "3" (red) is still unfolding.

Sixer

I was under the same impression with my post 644 . Last weeks decline at 61.8 which was also the 4th wave down has left me undecided. leaving this until a clear picture is derived. thanks for the charts.

Hey Sixer,

I think We are on the point of a big recession. Stocks are going to the dogs!!!!
safe haven is yen and gold!!!
every other currency is down!!!!

i am a big time yen buyer. this is the best time to sell gbp/yen and eur/yen.... check me out in 4 months time!!!!!

My indicators don`t indicate a recession actually !! Here is one of them.

Sixer

The price pattern of the S&P and FDAX since the last low are both corrective.

Sixer

For the followers of the indian Nifty index.

Sixer

Possible movement of GBPUSD

Hello EnrichWave,
Could you please share your expected move of EURUSD, NZDUSD and EURGBP.
Thanks

interesting