Category elliott’s soup

Elliott’s Soup for the end of August

Summer is going in the northern hemisphere and we may need an update to the Elliott’s Wave reading of the S&P 500 index. August was spent correcting the excess in overbought and now the index is resuming the ride upward.…

Preparing Elliott’s Soup

As markets seem to get even crazier than usual, I thought to get a look at Elliott’s recipes to warm my remaining confidence. Much interested in the weekly view, here is the chart for today. The chart seems to confirm…

An Elliott’s Possibility

This post analyzes the present, so it will become obsolete quite soon. Anyway, I’m here for the r.Virgeel/Elliott mishmash. At the moment, r.Virgeel is pointing to a correction of the first reversal wave upward, in other words, it is pointing…

Long Term Elliott’s Soup

This chart is pointing to some interesting infos: first, the top at 4800, at the end of 2021, is not the final target of the current move, it actually is the top of a (3) wave; second, the incoming (4)…

Serendipity at work

r.Virgeel’s model is undergoing deep modifications, sparkled by the development of the new weekly model, that has made evident some before obscure aspects. Where there was a wood, there is now a vast pratery. I’m translating the modifications into the…

Update to Elliott’s soup

Today’s reading of the Elliott’s Wave (chart by AdvGet) does confirm the projections of the A.I. model: after completing a first wave, the market is now searching for the (2) support to start the (3) wave. You may note the…

Big Bear Chase still open

The area 2060/70 is a strong resistance that will produce some turbulence, but probabilities are still on the side of a rising index, supported by all the barking bears around, by all the uncertainty and by the  weakness of the…

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