Wave 2 of P3 - Part 5

Part 5 of the Elliott Wave Analysis of Intermediate Wave 2 forming in what is likely Primary Wave 3, down, in the S&P 500.


Nothing in this video is to be taken as trading or investment advice. This video is educational only and explores whether or not the Elliott Wave theory can be useful in determining market direction. It also serves as education on Elliott Wave Theory and on recent market history. It is not a solicitation to buy or sell any securities. Market participation can be a risky endeavor, and cause loss of some or all capital. Consult your financial adviser regarding the suitability of market participation regardless of any information in this video.

The information contained herein is exclusive to the "studyofcycles.com" and is subject to the applicable copyright laws. Reuse or republication without the expressed consent of the author is prohibited.

Category:

Science & Technology

Tags:

• Elliott
• Elliott Wave
• S&P
• SP500
• FTSE
• Shanghai
• Stocks
• Stock Market
• Technical Analysis
• Andronichuk

[mquartarone]

Great explanation Joe.  Thanks for your continued market analysis.

[ElliottTrader]

@mquartarone Very welcome. Keep up the interest. Just one point to note is that there is a way to count this "c" wave rise already as a completed five waves, up. That would make a completed "Elliott Running Correction" instead of an "Elliott Irregular Correction" if things fall apart here.

[ElliottTrader]

One point to add to the video is the fact that the weekly price channel drawn, while likely the channel of "best fit", is not an "Elliott Parallel Trend Channel" in the strict sense as it does not connect the lows of a Wave 2 (X) and a Wave 4 (XX). That is a reason while the rise from March 9th is not seen as impulsive, but a corrective rise and why the market movement following it is likely to be much more impulsive.

[frank299]

Thanks. As per usual - very insightful

[ElliottTrader]

@frank299 Thanks for the comments, Frank. They are very much appreciated.

[rockerme4u]

Nice Job Joe, It is really shameful that our market is not honest.

At least you are. You keep an open mind. Most do not.

Have a Great Day !!!

[ElliottTrader]

@rockerme4u There is some truth to what you are saying, for sure. No question about it. Just keep in mind the Federal Reserve IS telling us they will keep giving free money to the large players to keep the game going.

[cosmicguerilla1]

@rockerme4u that's true it is a casino , the trading bots know where you stops are , goldman and morgan are running the markets .

and yes , everybody has forgot about goldmans missing software ,

very interesting isn't it .

also NWO use cnbc to suck in retail and bull traders , human emotion will get you long if you watch them , i'm amazed at whats going on .

nice one !

[rockerme4u]

@cosmicguerilla1 How about trading against Godman Shafts, (GS), using the FED as their piggy bank. Some do not believe me when I say this. But, does anyone remember somebody stealing software from Goldman? I do, and Goldman's own words of worry were,"software could be used by an unscrupulous firm to manipulate the market". Anybody believe Godman is honest? I don't. That is why I am also bearish on the markets. It's a Casino ran by the only firm that can match Bernie Madoff's trading record.

[cosmicguerilla1]

@ElliottTrader i am also a bear ,

as they choose to ignore the housing and jobs data , i may have to go long to get some money from them .

the market is rigged to the max , they are holding it up so the people think all is ok ,

i mean , its like we are trading against a software program ,

hhmmm !