Wavaholic - Stock Market Analysis - Elliott Wave Theory - Elliott Waves - Elliott Wave Counts

AUD/USD ~ 17 May 2013

2013-05-17T09:41:00.000-04:00

Well, that was quick: the AUD/USD is already near my target level around 0.97:

I think the sell-off should stop around this level - at least short-term.

EUR/USD ~ 15 May 2013

2013-05-15T17:55:00.001-04:00

The EUR/USD is approaching the neckline of a huge H&S:

If the neckline is breached, we should see a sell-off to 1.21ish.

S&P 500 ~ Elliott Wave Count ~ 14 May 2013

2013-05-14T17:57:00.004-04:00

The break of 1635 resulted in a nice rally to 1651:

(previous count)

AUD/USD ~ 14 May 2013

2013-05-14T05:28:00.001-04:00

After trading between 1.015 and 1.06 for almost a year the AUD/USD broke below 1.015 a few days ago and is now already below 1:

It looks like the next target is the support at 0.965-0.97.

S&P 500 ~ Elliott Wave Count ~ 13 May 2013

2013-05-14T03:42:00.000-04:00

(previous count)

Wave [iv] probably finished at 1623 and wave [v] should be underway if 1635 is convincingly broken.

S&P 500 ~ Elliott Wave Count ~ 9 May 2013

2013-05-09T17:36:00.003-04:00

(previous count)

Google ~ 8 May 2013

2013-05-08T18:44:00.003-04:00

Google has added another 60 $ since my last update:

The trend remains bullish as long as we stay above 835ish.

AUD/USD ~ 8 May 2013

2013-05-08T07:57:00.001-04:00

Target hit:

If 1.015ish holds once again, we should get a rally, probably all the way back to 1.06. The first objective is 1.035ish.

S&P 500 ~ Elliott Wave Count ~ 7 May 2013

2013-05-07T17:33:00.000-04:00

The rally continued today. The SPX hits a new all-time high at 1626.

S&P 500 ~ Elliott Wave Count ~ 6 May 2013

2013-05-06T17:44:00.002-04:00

After the big rally on Friday, the market consolidated today:

It looks like this is just a short rest before the market rallies higher (like in early March after the rally on March 5th).

S&P 500 ~ Pre-Market ~ 3 May 2013

2013-05-03T09:25:00.004-04:00

We're above 1600!

USD/CHF ~ 2 May 2013

2013-05-02T19:00:00.000-04:00

We got another huge sell-off after the USD/CHF touched the trend line at 0.945:

AUD/USD ~ 2 May 2013

2013-05-02T17:43:00.000-04:00

After a rally to the resistance at 1.037 the AUD/USD reversed again and is approaching the support between 1.015 and 1.02 now:

S&P 500 ~ Intraday ~ 2 May 2013

2013-05-02T11:20:00.001-04:00

For the third time this week the SPX is at the resistance at 1597ish.

The last two times we got two nice corrections. We'll see if we get a reversal at 1597 once again.

EUR/USD ~ Elliott Wave Count ~ 2 May 2013

2013-05-02T09:36:00.002-04:00

(previous count)

S&P 500 ~ Pre-Market ~ 2 May 2013

2013-05-02T09:06:00.005-04:00

1571ish should be the next downside target for the ES:

S&P 500 ~ EOD ~ 1 May 2013

2013-05-02T04:03:00.001-04:00

Once again we got a very nice pullback after the SPX hit the resistance at 1597:

S&P 500 ~ Intraday ~ 1 May 2013

2013-05-01T11:03:00.001-04:00

So far, today looks exactly like yesterday:

Ben talks in about three hours. Thus I doubt we break either below 1587 or above 1597 prior to that. If we get below 1587, 1576 should be the next objective. If 1597 breaks, a 10 handle rally is likely.

This will be the last post until tonight. Instead of watching Paper (Money) Man Bernanke, I'll be watching Iron Man tonight.

S&P 500 ~ Pre-Market ~ 1 May 2013

2013-05-01T09:22:00.000-04:00

S&P 500 ~ EOD ~ 30 April 2013

2013-04-30T18:13:00.005-04:00

The SPX closed at new all-time highs:

Unfortunately, the decline yesterday/today was smaller than I expected. We're now back at the resistance at 1597. Let's see if it holds once again tomorrow

S&P 500 ~ Intraday ~ 30 April 2013

2013-04-30T09:55:00.001-04:00

The decline from 1597 continues today:

As mentioned yesterday, a likely target for a pullback is 1576ish.

S&P 500 ~ Elliott Wave Count ~ 29 April 2013

2013-04-29T19:30:00.000-04:00

Possible short-term count:

ConocoPhillips ~ 29 April 2013

2013-04-29T17:12:00.001-04:00

S&P 500 ~ Intraday ~ 29 April 2013

2013-04-29T13:54:00.001-04:00

The rally continues today, we're back near the highs:

If the resistance holds, we could see another pullback to 1576ish.

S&P 500 ~ Fractal ~ 28 April 2013

2013-04-28T18:22:00.000-04:00

I've shown you this fractal already many times. Although the market hit new highs in April I still think it looks pretty good (also compare the dates (shifted almost exactly by one year)!):