This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Thursday, August 27, 2009
Long Term Wave Count Projection Falling Into Place, Wave 2 Ending; August 26, 2009
Just thought I'd post the long term daily S&P futures projection I've had up for months now with the current price printed. So far it's followed the projection pretty well. All along I thought the 1067 level (prior 4th wave extreme) would attract the S&P futures and so far it's moving close to the area. Optimism is at an extreme and breadth and volume continues to contract telling me that wave 2 is likely coming to an end.
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