S&P Hints at Higher Into Early 2020 (Dec 26, 2019) – On the recent post “Climbing the Steps – The Fall Grind,” I discussed an upside target that both of my Elliott Wave counts were pointing to, which was 3231 on $SPX (S&P 500 Index). That target was achieved today, with a push within the 2019 “Santa Rally” now in late December. Now we’ve come to a point where it’s possible that wave C could… Read More »$SPX Upside Target Achieved, Hints At Higher into 2020
TraderMentality.com blog roll
Is the Dollar Ready for Another Move Lower? We saw the dollar take a dive from it’s recent high back to the 233-day moving average, and bounce from that area. But is the Dollar ready for another move lower? The US Dollar Currency Index ($DXY) was setup in an ending diagonal (or rising wedge) formation heading into the month of October. Displaying 5 waves up within the wedge, accompanied by negative divergence into a notable… Read More »Is the Dollar Ready for Another Move Lower?
Climbing the Steps – The Fall Grind (Nov 27, 2019) – Non-stop in both September & November, market indexes churned higher and higher despite a number of negative headlines, sentiment extremes, exhaustion signals, divergences, and a number of other indications that made many think it would come crashing down at any minute. I’ve been anticipating a pull back in action for a couple of weeks, continuing to ride upside trades while participating in downside hedge… Read More »Climbing the Steps – The Fall Grind