E-Wave for the S&P 500 Index

[gdl]

Great analysis of a very difficult and complex understanding of Elliot wave. I try to look at the bigger picture and not the daily moves. If you invest with a longer term model in mind it helps to understand the critical support and resistance levels.

The cliché that the trend is your friend is a good start. Until proven otherwise stay with that trend. Both gold and equities have a long standing trend.

I think we will soon see a dramatic move. It looks like the fundamentals are showing much stronger rebound from the winter weather than anticipated. if the jobs report are over 200K than we should see that resumption of trend.

10 year note looks to have found a bottom in yield and should also move up smartly.