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, June 18, 2009
Wave C Underway, Then More Declines; June 18, 2009
The attached chart shows a typical EWP wave count with a strong wave C underway right now. My projected target is the previous 4th wave area around 924 in the S&P futures and 927 in the cash index. This rally is an opportunity for me to get heavily weighted on the short side again.
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