S&P 500 MARCH 2019 UPDATE: ELLIOTT WAVE

 

 

BIG PICTURE
LONG TERM VIEW
INTERMEDIATE TERM
FOUR MONTHS AGO WE SAID:
  • "We are presently looking for a corrective consolidation back to the S&P 500 200 DMA" -- This has been achieved,
  • The consolidation is not over until we find support on the "Minsky Parabolic" shown in white below,
  • The Parabolic pattern (in white) currently approximates the 200 DMA but is not an exact overlay. The white line is slightly lower.
LATEST -- DJIA
ADDITIONAL  ELLIOTT WAVE PERSPECTIVES