Dow, S&P, Dollar, Gold, Crude Oil Technical Analysis and Elliott Wave Counts

On 12.17.09 I said:

"Odds favor a breakout in the direction of the trend (up),
but expect resistance near 1120 and then 1150-1160."


The stock market is retesting important resistance. A downside reversal near term could become an important turn.

The Dollar appears to have bottomed and Gold may have topped. Crude Oil needs one more small rally to test the top of its pattern near 87.00-87.50.

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[devon19210]

i'm not sure how reliable uup is but rsi divergence on 60min shows dollar short term reversal.. are you seeing that as well?

[devon19210]

thanks again..

[mistapikkles]

Great video! You count Elliott very well..