Motive. Current Position: Wave v) – orange. Wave iv) – orange unfolded as a zigzag, labeled a, b, c – grey, and ended at the low of 33.13. Wave v) – orange is moving up, targeting the channel's upper ...

Direction: Bottoming in Wave (C). Details: Intermediate wave (C) appears to be near completion within a broader Primary wave 2 structure. This setup shows a three-wave corrective pattern ...

From an Elliott wave perspective, the patterns still appear incomplete to the downside. If you recall from our March 31 report “Targeting August 2024 Low”, we forecasted a temporary bounce in ...

The Elliott wave pattern of the decline suggests the downtrend is not over and the SP500 may see prices return to the August 2024 low near 5,100. The pattern we are following is that an ending ...