ELLIOTT WAVE | January 31, 2019
Outlook For US Stocks In 2019
Elliott wave analysis provides important directional clues. The sharp decline of US stocks in December 2018 created doubt about the bull market that began in March 2009. The S&P 500 (SPX) broke below very important support at 2532 and ended December down 9.1%, in a seasonally bullish month. These two factors could be the first signs of a bear market. However, other factors, and the subsequent rally in early 2019, have shifted the probabilities to the bullish side. Within the next few months the SPX could continue upwards and make a new all-time high.
by Mark Rivest
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