S&P 500 Market Overview

2년 전


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I believe that we are and will be in a secular bull market for years to come! On a long term view, the S&P 500 (SPX) had completed the cycle degree ABC which themselves were subwaves to a super cycle (multi decade) degree of trend correction. Wave C coincided with the 2008 financial crisis and since then, SPX has been on a tear making orgasmic bullish lunges upwards! Imagine how those who panic sold into the financial crisis and hid since then in the safety of Gold and never took another risk muct be kicking themselves for missing out.

The below chart shows a very long bullish channel (blue lines). Would you be a buyer or a seller at this point? Do you think the SPX is at a top and will crash down below the red C levels like some are declaring?

I believe the bull market is not yet complete. This detailed label shows that the cycle degree impulse is not complete. It's probable that white wave 4 is in progress and will likely have place stay within the channel; though a bull wick would be deisrable. White wave 5 could target $3,349 or so. So, will the bears finally get their crash after white wave 5?

One the white wave 5 completes, there will be a sizable correction as that is the requisite sequence of actionary to reactionary Elliott Waves. However, it would be healthy! Even if the correction retraces 50% of the white impulse! But see the big picture. Those white waves were subwaves to a higher degree of wave I (blue) and II correction would prep it for wave III. Should one take profits at white wave 5? What do you think?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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thanx for research ,.. i think at the moment the market will go on ..

Do you think technical analysis plays as much of a role in the direction of the market overall as it does in a specific security? I feel like there are so many fundamental factors for the market overall that you'd have to consider (ie. share buyback trends, federal reserve tightening, etc.)


Elliot waves are applied better in overall markets than specific securities. They use fibonacci numbers which are commonly present in human progress which is represented in markets. Specific securities are more vulnerable to manipulations.

Thanks for the information Haejin.
Could you possibly post a new chart on STEEM.
Thank you very much.

I so much appreciate the info with the link @haejin. It really helps

I appreciate your post!! thanks for information with the link sir @haejin.!Your talking style and expression is first class.

Nice post thank you for research and thank you for share with us

I always appreciate your legal disclaimer, so that people won't misunderstand you.

I know Wave C coincided with the 2008 financial crisis.and then SPX has been marketig organism
bullish lunges upwards.I will agree with you that, the bull market is not yet complete

Tnx for sharing great post

Thanks for such a good post. I think the market is something that is difficult to understand, however with analysis you may know it's movement. On the other hand, @haejing, do you think Bitcoin is a good investment tool?

well that'd be nice if this comes true!