SP500 – market forecasts, elliott wave counts and technical analysis
We closed our short positions on the DAX, Dow Jones and S&P500 with a nice profit. The recent rise took out our profit stops changed the market outlook to a bullish one. We are evaluating long positions at the moment.
Read the complete Reverse position – closed with profit analysis of July 21, 2010
The S&P500 will continue its decline to at least 950 and probable 870. So get your shorts ready and set your stoploss at 1135.
Read the complete SP500 analysis of June 30, 2010
The SP500 is on an important juncture at the moment, where a rise above 1182 would imply a continued bull market on a larger degree and a decline below 1065 a continuation of the current decline.
Read the complete SP500 analysis of May 9, 2010