S&P 500 Elliott Wave analysis as of November 6th, 2023. After editing this video I found a few exclusions I failed to mention. Firstly, I incorrectly called the triangle after 1929 a contracting triangle. It is a barrier triangle, it doesn't change the count, it's just semantics. Secondly, I failed to mention that the Elliott Wave rules are idealistic. Sometimes rules break … [Read more...] about Most S&P 500 Elliott Wave Counts are Wrong
Impulse
A Long Bond Bottom
There is great potential that the 30 year T-bil futures have bottomed. This chart is a micro count version of the final 5th wave of primary wave 1. Depicted as a legal impulse consisting of an expanded flat correction for minor wave 2. Wave 3 is longer than wave 1, so the length rule is satisfied. Minor wave 4 is labeled as a contracting triangle whose internal C wave is a … [Read more...] about A Long Bond Bottom
The Dollar/Euro Double Zigzag
The US Dollar Index has been retracing an impulse that completed on October 3rd. The expected guideline retracement is the price territory of the previous fourth wave wave, which is almost exactly a Fibonacci 38.2% retracement. Wave 2 appears to be taking the form of a double zigzag that, when complete, will result in a third wave rally for the dollar. A Double Zigzag for … [Read more...] about The Dollar/Euro Double Zigzag
Bitcoin Small Timeframe Structure
It’s tough to count these small timeframes but I have two alternatives for the current structure. The top frame of the nano count suggests that wave 3 of 3 is already complete and the market is carving out an expanded flat pattern for wave 4 of 3. The bottom pane suggests more 3rd wave extensions are completing and the 3rd wave of wave 3 is still in progress. I will need to see … [Read more...] about Bitcoin Small Timeframe Structure
The NYSE Composite
Introducing the NYSE Composite Index count. The Index is at a critical point where the alternate could measure as a completed 5 waves rather than the beginnings of an extended impulse. There are a few problems however. If it were instead counted as 5 waves, the 2 and 4 lack alternation as they are both zigzags. I have checked every index and each can also be counted as a single … [Read more...] about The NYSE Composite