The S&P 500 surprisingly extended its downward trek early in the week, finding a bottom on Tuesday from which it would recover for the rest of the week. Pundits appear to believe the market has regained some strength and will continue to climb next week based on Tuesday’s Fed speech and positive employment numbers later in the week. But the Elliott waves paint a very different picture.
The S&P 500 surprisingly extended its downward trek early in the week, finding a bottom on Tuesday from which it would recover for the rest of the week. Pundits appear to believe the market has regained some strength and will continue to climb next week based on Tuesday’s Fed speech and positive employment numbers later in the week. But the Elliott waves paint a very different picture.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-week-ending-192015/