SPX - In wave four

Wave [1] is not over but it's difficult to say if the current pullback is wave (iv) or wave 4 .

ElwaveSurfer

SPX - Still bullish

New preferred count: wave (4) of wave 3 fo [1]

ElwaveSurfer

SPX - Several impulsive patterns

There are many possibilities to count the impulsive wave from the last bottom @ 1738

Preferred count: wave 1 of [1] or [c] , like fifth extension, is in completion.

First alternate: we are at the top of wave Alt:3 close to the 2.618 Fibonacci extension of wave Alt:1 from Alt:2

Second alternate: the top is wave 2°Alt:5 of wave [1] or [c] so the retracement will be deeper.

ElwaveSurfer

SPX - New uptrend

Wave 2 seems to be finished;
we could be in wave 3 (or Alt:1) of [1] of 3 minute of upward c minor .

ElwaveSurfer

Elliott Wave Analysis of several Stock Market Indexes

Elliott Wave Analysis of SPX, NDX, DJIA,
DAX, FTSE, SMI, IBEX, FTSEMIB, NIKKEI.

For previous outlook and long term view on weekly charts,

see post of August 17, 2013

SPX

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 2°Alt:[3] of 2°Alt:I of new Supercycle wave 2°Alt:[V]

 NASDAQ

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

 

DJIA

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]

UK FTSE100

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]

Italian FTSEMIB

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

Japan NIKKEY

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 ;-)

 

ElwaveSurfer 

SPX - At the crucial point of the rebound

The expected rebound has arrived.
There are several options; it could be:
> the wave (c) of 2 of downward wave [c] (this scenario is invalidated if the market still goes up)
> the impulse wave Alt:1 of upward wave Alt:[1] if wave 2 is already over.
> the impulse wave Alt:1 or a of upward wave Alt:[a]
> the impulse wave Alt:a of upward wave 2°Alt:[2] (if 1850 is the Cycle Top)
The only thing is that it seems a credible impulse wave .

ElwaveSurfer

SPX - In front of opposite scenario of very short-term

Difficult market,  perhaps a postponement of yesterday's scenarios
(continuous arrows = preferred scenario (down); dashed arrow = first alternate (up))

ElwaveSurfer

SPX - Rebound

Main scenario: rebound @ 1773 (wave 2 of [c] ) then downward wave 3 begins

First alternate scenario: rebound @ 1800 (wave Alt:[b] ) then downward wave Alt:1 of Alt:[c] begins.

ElwaveSurfer

SPX - The downtrend continues

The wave [b] was short-lived (or it was just the Alt:4 )

Still down; the wave [c] is not over (but Alt:5 of Alt:[a]  could be).

ElwaveSurfer

SPX - Temporary correction

Even if my last post is dated several weeks ago (I focused on the Italian Stock Market with good performance) the main trend has proved correct.  

The preferred count (revisited) shows a correction of wave 2 minute [ of c minor of (y) intermediate ] in form of zig-zag pattern where wave [a] appears completed and the market could be in wave [b] (flat or triangle).

Have a great trading day, with care!

ElwaveSurfer