8/12/2019 Closing in on an S&P 500 Top With Elliott Wave _ Resource Investor

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Closing in on an S&P 500 top with Elliott Wave

T#e S,' -.. "M0S'H123 #as $een in a Ma4or wa!e lliott 5a!e 6 u& of 'ri)ary wa!e 6 fro)

1789 $y our $est &ro4ected counts: Our tec#nical analysis of stock trends &redicted $ack in

early Se&te)$er a large rally u& in t#e S,' -.. to 1;77 w#ic# we )anaged to see #it 4u

t#ree )ont#s later fro) t#e )id t#e )arket #ad a $it of an e(tension #ig#er t#an our original 1;77 $ut we see &ossi$le trou$le a#ead: Our lliott 5a!e T#eory inter&retation is $ase

on Fi$onacci se?uencing> in!est)ent ad!isor senti)ent sur!eys> traditional tec#nical analysis&atterns and )ore:

T#e stock )arket is cli)$ing> now likely in a final -t# wa!e of Ma4or 6 and we $elie!e it )ay

truncate or $e s#orter t#an nor)ally e(&ected: 5e also #a!e a rising $earis# wedge fro) t#e

*nter)ediate wa!e 2 lows of 1-8. for Ma4or wa!e 6 structure> w#ic# is a classic to&&ing &atter

for t#e )arkets in general:

Our !iew is t#at t#e S,' -.. *nde( or t#e )arket s#ould to& out around 1;8; and t#en $egin

Ma4or lliott 5a!e 2 correction in Fe$ruary> and at t#e sa)e ti)e gold and sil!er are for)ing

$otto)s now and will $egin strong )o!es u& in Fe$ruary:

Muc# like our @itco:co) &iece in early Se&te)$er called for a to& in gold and a $otto) in t#e S,' -.. at t#e ti)e> we see t#e o&&osite nearing now:

Below is our u&dated $est &ro4ection on t#e S,' -.. )arket trend analysis and near ter) action> wit# &otential of course for a $low off re!ersal to&

o!er t#e 1;8; area: For now we would watc# 1;8; and would $e $uyers of gold as we #a!e $een saying for se!eral weeks during t#is final window into

early Fe$ruary:

BY DAVID BANISTER

January 15, 2014 Reprints

ng in on an S&P 500 top with Elliott Wave | Resource Investor http://www.resourceinvestor.com/2014/01/15/closing-in-on-an-s

1/16/2014

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