“It appears to be the largest set of negative fiscal policies that have been pursued in 100 years,” said Bob Elliott ... if we’re going out and I cheat on you, we may get back together ...

We see pair breaking below 2023 lows, but keep in mind that there are five waves down now in black wave 3, so possibly there will be a recovery up into wave 4, ideally still this month.

Structure: Navy Blue Wave 1. Position: Gray Wave 1. Direction next lower degrees: Navy Blue Wave 2. Details: Navy blue wave 1 of gray wave 1 is still active and nearing completion. Invalidation ...

The Elliott wave pattern of the decline suggests the downtrend is not over and the SP500 may see prices return to the August 2024 low near 5,100. The pattern we are following is that an ending ...

From an Elliott wave perspective, the patterns still appear incomplete to the downside. If you recall from our March 31 report “Targeting August 2024 Low”, we forecasted a temporary bounce in ...

Nor did we have any insight into OPEC’s production plans. Instead, all it took was an eye for Elliott Wave patterns and knowledge of the rules that govern them.

The many divergences and long-term Elliott Wave patterns were not as healthy as the trend suggested. We further warned our readers to expect more volatility in the February report – at the time ...