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9:35 a.m. New York time What’s happening now? The S&P 500 E-mini futures continued to fall overnight, from 7746.50 shortly after yesterday’s session close to 7680.25 as today’s opening bell approached. What does it mean? Elliott Wave Theory: Wave A{-6} within declining wave E{-5} continues. Both are contained within wave 4{-4}, a downward correction that […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures continued to rise during the session, reaching 7764.75, and then fell back into the 7720s before recovering into the 7730s. Elliott Wave Theory. Falling waves E{-5} and A{-6} continue. Decision Points. A move below 7698.25 would extend falling wave […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures slowed the pace of their fall reaching a low of 7713.25 and then returning to the 7720s. Elliott Wave Theory. Falling wave E{-5} continues. How low will it go? Wave E{-5} is the final subwave within wave 4{-4}, a […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures began to fall overnight and, as the session proceeded, have reached the 7770s. Elliott Wave Theory. Wave C{-6} has reached a point of ambiguity. Its final wave, E{-7}, either ended on August 13 at 7838.50, bringing wave C{-6} and […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures remained below Thursday’s peak, 7838.50, throughout the session, dropping into the 7790s as the closing bell approached. Elliott Wave Theory. Friday’s sustained decline strengthens the possibility that wave C{-6} and its parent, wave D{-5}, ended on August 13, and […]
3:30 p.m. NewYork time Half an hour before the closing bell. The S&P 500 rose to a new peak today, 7838.50, eclipsing the prior peak set on August 5, 7820.25. Elliott Wave Theory. The new peak, according to Elliott Wave Theory analysis, verifies that wave C{-6} and its parent wave D{-5} are both underway. Both […]
3:30 p.m. New York tiime Half an hour before the closing bell. The S&P 500 futures began to fall immediately after the session opened, dropping from 7794 to 7763.95, and then returned — slowly — to the 7780s. Elliott Wave Theory. The primary analysis remains unchanged. Rising wave C{-6} is still underway, along with its […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures began to fall before the session began and picked up the pace as the opening bell sounded. From the overnight high, 7796, the price has so far fallen to 7738.75 and then risen into the 7740s. Elliott Wave Theory. […]
3:30 p.m. New York time Half an hour before the closing bell. From the start of the market session, the S&P 500 futures traveled from the 7770s to the 7790s, and then tumbled into the 7760s, a narrow range devoid of drama. Elliott Wave Theory. Nor was there drama in the interpretation. As was the […]
3:30 p.m. New York time Half an hour before the closing bell. The S&P 500 futures reached a session high of 7786.75, then fell to 7757.75. From there they rebounded into the 7770s before turning lower again. The session high remained below Wednesday’s all-time high of 7820.25. Elliott Wave Theory. Rising wave D{-5} is underway, […]
