Very interesting Elliott wave count here. This is JNJ, the seventh component of the S&P 500. The guideline of equality suggests that this huge impulse started in 2009 is done (we have W1=W5 here).
XLV is the Healthcare ETF. In theory, the S&P 500 can't go down without XLV. Which one is lying?
The green count is compatible with our primary in RGLD.
We must dump soon to increase the probability that the orange or red counts are in play. Still plenty of possibilities right now. We could be in the 4 of the C leg of an upward ZZ.
Apologizes for the overloaded chart. We rarely display four scenarios... I am just adding this pink count that has been often mentioned this year: still a possibility if we don't pump this week. If the market is really bullish, it will have to prove it at some point.
Gold (4H) / Three Elliott Wave Counts
Oil (4H) / Primary Elliott Wave Count
Nasdaq 100 CFD (4H) / Two Elliott Wave Counts
S&P 500 CFD (4H) / Three Counts
Clean impulse off the lows. What happens next week?
ADI (2W) / Primary Elliott Wave Count
Strong reaction at the end of subwave C of flat B. This is ideal.
Seventh wave coming?
Green box: 30-31.25 We need an ABC down and the usual confirmations before hitting our box.