S&P 500 ELLIOTT WAVE ANALYSIS

Primary is still bearish expecting a a double zig zag pattern is plyaing out.
A rally in the shorter term should be expected soon as we have been building a buillish divergence on the indicators plus so many down weeks in a row is rare.

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[rambob]

Double click the Y axis to auto adjust

[nathanperish]

As a young investor with hopes to accumulate stock for my long-term portfolio, I'm really hoping your count turns out to be correct and we move even lower. However, I must say, this count just doesn't feel correct - many of the indicators are suggesting a bottom is closer than suggested. I've heard your arguments as a purist and can sympathize with the idea of WXY patterns being combinations of simpler ABC patterns, but dear god the chart and indicators count so much cleaner with the idea of two double combinations. I.E. Lowest RSI reading in the W of the W, lots of 3-wave moves. Love the updates, Tom. Stay well.

[agrupalos]

Good content. Any updates on this count?

[eth_]

What's your thoughts on s&p going back yo 2010 prices ? Say somewhere between 700-1100? Considering there won't be any qe to inflate the market like they've always done in the past

[NamNguyen-ozyx]

Wave 4 formed the bottom at max 50% retracement

[cvotrades]

Not a large wave 2, it’s more likely a cycle/supercycle w4