"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)

Saturday, February 8, 2014

Elliott Wave Analysis of several Stock Market Indexes

Elliott Wave Analysis of SPX, NDX, DJIA,

For previous outlook and long term view on weekly charts,
see post of August 17, 2013


New counts:
Preferred: wave 3 minute of c minor of (y) intermediate of [Y] Primary of X Cycle (first target @ 2.000; maximum Cycle top @ 2.200 area in 3Q 2014)
First alternate : upward Alt:b of downward Alt:w of a double zig-zag Alt:w-x-y in intermediate Alt:(4) of Primary Alt:[C] of X Cycle
2°Alternate : wave 2°Alt:(4) of Alt:[3] of 2°Alt:I of new Supercycle wave 2°Alt:[V]


Preferred: wave 4 minute (like exp flat or exp triangle) of 5 extended minor of (c) Intermediate of [Y] Primary of X Cycle



Is still possible a Triangular SuperCycle wave [IV]
Other scenarios like SPX

German DAX

The best stock market (that required a recount)
Preferred: close to a top of intermediate wave (5) of Primary [1] of Cycle I of SuperCycle wave [V]


A very intricate pattern.
Preferred: close to a top of Primary wave [C] of Cycle D of SuperCycle wave [IV]
Alternate: wave Alt:[3] Primary of Alt:I Cycle of Alt:[V]

Swiss SMI

Preferred: in intermediate wave (5) of Primary [C] of Cycle D of a SuperCycle running triangle in wave [IV]

Spain IBEX

Preferred: close to a top of [X] wave of Cycle wave A/W of a SuperCycle [IV]


15%-20% from the top of Primary [C]/[Y] of second Cycle X of SuperCycle [IV]


It seems topping with intermediate (c) of Primary [X] of Cycle X ;
First alternate: topping of Alt:(3) of Alt:[C] of Alt:B


Have a great weekend ;-)


  1. Verily, It is an elegant and fundamental website about financial markets. It is very useful for us. So, I loved it. Many, many thanks to you for creating such an informative website. If you would like more information about this please visit most active stocks The advantage of these most active stocks is they allow for a vast amount of customization by the user. That same advantage can create a disadvantage for some users. Those users may not really know what they are looking for or what data criteria might produce a most active stocks of stocks that present the highest possible probability of a successful stock trade.

  2. eToro is the ultimate forex broker for new and pro traders.