Based on today's movement, the diversion in the moving average I track confirm the index still has room to drop. Good news has the bottom tomorrow. Bad news, the bottom is still one day away. I will update my article on the top of minute wave 5 once 4 ends. Bottom appears to be between 2868 and 2876. Not far, but will be quick. Stay tuned for more!
I am back with another Elliott Wave Forecast on the S&P 500 Index . After detailed research and analysis, I identified the recent bottom, which occurred today, ahead of time. I have identified the next top. I have identified 3 colored polygons. The green zone will most likely contain the top, but the yellow polygon is also possible. The red zone is unlikely, but...
Based on derivative analysis. I am projecting Minute wave 3 just completed and we have entered the corrective wave 4. The wave should end over the next 2.5 trading days. I project the bottom will occur within the first 2.5 hours on September 4, 2018. The bottom should also occur between 2870.91-2886.50. All of these targets are based off of the moves that have...
We could still see a drop for 3 more days before blasting off toward 2900. We are just starting minuette wave 3 with two more waves to go. Expect lower markets today below 2800. A bump above 2800 but most likely below 2808 late today or early tomorrow and our bottom will most likely occur early Monday morning. We should find the ultimate bottom below 2780-2790. I...
I was slightly premature in my previous analysis. My data was lacking and I took a leap. The data is finally in and the drop will occur as projected. We will watch the market drop for the rest of the month before it flies high into the fall. The pink box with the black outline is the projected bottom for the coming drop. My more realistic zone is above the trend...
The S&P 500 is set to drop over the next 3 days. Based on Elliott Wave Theory application. Based on my calculations, the index should bottom out around 2767.51 during the middle of the day on Friday July 20, 2018. This is a quick and slight pull back. We are in the final stages of the 9 year bull market and playing every dip will certainly pay off. I expect the...
I have been forecasting a market top around October-December 2018 for quite a few months. Most stocks I have looked at are also pointing to a top around that timeframe. This one stock does not appear to fall with the rest of the market based on trend and derivative analysis as well as Elliott Wave Theory. My analysis is pointing to a top between 140.54 - 174.62...
Foot Locker is setting up to fly high over the next 3-4 months before reaching its next top. This top coincides with my projected market top during the October/November timeframe this year. Based on comparative trend analysis and derivative analytics, Foot Locker should reach its next top between August 9 and November 20 of 2018. The top should occur between ...
Micron is in Cycle wave 5 & Supercycle wave 5 which is the last hurrah for the stock for now. The top of this wave should occur between October 12, 2018 and February 13, 2019. The top should occur between 79.22 and 95.24. These dates and numbers are based on comparative trend analysis and derivative analytics.
Best Buy is in Cycle Wave 4. The bottom of this wave should occur between July 25, 2018 and August 20, 2019. The bottom should occur between 52.12 and 63.5. These dates and numbers are based on comparative trend analysis and derivative analytics.