In a New York Tick, Anything Can Change
By Bennett Tindle December 17th, 2019
We’ve had a fairly exciting year in the financial markets, and we are currently consolidating at or near new all time highs in most major US market indices. If you’ve been following our work, you know we’ve been targeting 3200 – 3250 as an upside objective in the S&P 500… and we’re nearly there! The question now becomes, how much higher can we go from here & where are the markets ready to take us? As much as we’d love to know the future, we simply don’t. All we can do its take the information we have at our disposal and use it to the best of our ability. Enter Elliott Wave.
As we move into next year, we see two very different yet technically valid possibilities and outlooks when viewing the markets through the lense of the wave principle… The exciting part is, both scenarios reflect the forces driving the market presently. Will the trade negotiations come to a meaningful and beneficial end, supportive of additional economic expansion and upside in the markets?… or will we end up rolling over following the completion of this impulsive breakout, only to re-visit at or near the December 2018 lows? In our opinion, the upcoming year should present us with exactly the events and catalysts we need to answer this question once and for all. Tune in to hear more and see the breakdown on the charts.