SP 500 Elliott Wave Weekly Update

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In this week's podcast I discuss the Elliott Wave weekly update for the S&P 500, focusing on the completion of cycle wave 3, which began in 1949. I emphasize that the S&P ais in the finishing stages of this wave, though some Elliotticians are calling it a super cycle or grand super cycle. I explain that I am looking at the cycle level and don't agree  that the wave has already finished at the highs. 

I do though discuss the market's current state, and put some time in on discussing a failed fifth wave and signs of market exhaustion. I explain the concept of a truncated fifth wave and its implications for the market's direction. I also delved into the history of the 2008-2009 financial crisis, highlighting key events and the subsequent bank takeovers. I presented two potential counts for the market, one suggesting the fourth wave is still in progress, and the other indicating its completion at the November 21st low.


Video Length: 00:43:22


More By This Author:

Nasdaq 100 Elliott Wave Daily Update - Thursday, Dec 18
Gold, Silver, And Platinum Elliott Wave Weekly Update - Monday, Dec 15
Nasdaq 100 Elliott Wave Weekly Update - Sunday, Dec. 14

Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

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