Peter Eliades’ name has been associated with stock market cycles since at least 1974 when his cycles predicted the exact low week of December 9-13, 1974. In 2020, after decades of painstaking progress, Peter released the first fully implemented cycle price projection software, Eliades Cycle Price Projections. Through this website you will access the opportunity to be exposed to this software and his accompanying market commentary.
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If there are 5 waves down from Aug 16, and many top Elliott people say there are, then before an accelerated 3rd wave down there should be an upward connection, Kit. If we have just seen an A-B-C correction (we can argue we have because C now equals A or very close to it), we are then due for an accelerated wave 3 down...
If I look at S&P500, it looks like it is building 2nd wave up. DJI and IWM, it seems to me that they are on their 5th wave up?
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You called it. This is what is fascinating to me. When you have extremely competent, smart, hard-working, well-intentioned people, we as a system can work together and achieve great calls. You are awesome. keep it up!
I'm only 3 years into this career but I will try to get close to achieving what you have.
Here is what I think is next - We sit around this level and test the support again, don't know how long maybe just this week, we retest this support again tomorrow?. Then we have several red weeks continuing down to the 3250 level. Not all at once, I expect a green week or two in there also. By December 25 we could def be in 3250 territory on SPX
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Thank you for the midday update sharing your thoughts
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