S&P 500 Index -- Elliott Wave update for week ending 1/23/2015
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2015 Jan 25, 2:49pm 1,447 views 4 comments
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2015 Jan 26, 6:17am
FOMC Statement 2.00 EST
http://www.forexfactory.com/calendar.php?day=jan28.2015
If you really believe FED will start raising the rate then time to sell or go flat. If you believe FED will leave well enough alone buy the pull backs.
Watch for the inner circle front running the market. Nice support below 2025-2020+/- resistance 2054-2064.62+/-.
Done
2015 Jan 26, 6:26am
East coast potential historic storm could have a neg. effect on the equities.
Done
2015 Jan 27, 7:31am
The S&P 500 Index looks to be in step with the Dow, completing an upward flat correction and setting the stage for a new downward trend to begin early this coming week.
The other side of the coin is and definition a retest and consolidation. If price can't break below 2020-2000 then up up and away. Last weeks continuation was a bump to the upside not down side as projected in your last weeks "prediction".
S&P 500 Index -- weekly update -- Markets will continue downtrend
darlag
2015 Jan 27, 6:22pm
Last weeks continuation was a bump to the upside not down side as projected in your last weeks "prediction".
Each week I do a primary and an alternate scenario. The S&P was the primary, the Dow was the alternate. The alternate worked out, so reference the DOW projection which still called for a continuation of the downtrend but with a slightly bigger upward correction.
Both the Dow and the S&P should continue to slide for the rest of the week as the third wave of Minuette (iii) gains in strength. They remain in lock step.
The S&P 500 Index looks to be in step with the Dow, completing an upward flat correction and setting the stage for a new downward trend to begin early this coming week. Like the Dow, the S&P’s a-b-c flat took three weeks to complete amid a roller coaster ride for market participants. But the riders haven’t seen anything yet. The coming week could possibly provide the most exciting, stomach churning movement so far in the new 2015 year.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-week-ending-1232015/