Monday, 29 August 2016

Monthly chart Elliott Wave counts for S&P 500, ASX 200, FTSE 100, Nikkei, Hang Seng and EURO STOXX 50

The S&P 500 has hit record highs in recent months. No other global index of note is anywhere near record highs, a glaring divergence which combined with the low volume nature of the rallies from 2009 marks the S&P 500's record high as a fake, a false upside break. This post shows monthly chart Elliott Wave counts for the S&P 500, ASX 200, FTSE 100, Nikkei, Hang Seng, and EURO STOXX 50 indexes. All look poised to begin strong declines.

S&P 500. Running flat.



ASX 200. The waves are clear at all degrees of trend. This market is beginning a strong wave 3 of C decline. 



FTSE 100 forming a flat correction since late 1999.



Nikkei wave count from its 1989 peak. 



Hang Seng



EURO STOXX 50