Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}

Friday, March 7, 2014

S & P 500 Heading South for 1 Month


Nasdaq 100 Begins a Short Term Correction before Bulls Resume the Uptrend

Refined Elliott Trader software is back to picking the completed Cycle degree wave IV as its top wave count.  After a pullback early next week, the uptrend should resume.  This is dangerous territory for the bulls, as this market could turn and head south at any given point due the the fact that Cycle V has already hit its target.