Market Vitals: Elliott Wave telling S&P 500 to "Stop" ...

Elliott Wave Telling S&P 500 to "Stop" ...

A lot of red on the board yesterday, especially in the commodities. And while other assets, namely stocks, were also lower, the commodities were clearly the big losers on the day. This is similar to what we've seen a lot in the last six months - commodities have behaved, to a degree, with growth fundamentals in mind. Stocks have very much ignored said fundamentals.

We've been watching for the time when stocks start trading on fundamentals ... or at least run into a technical stopping point that brings on a playable correction. Might we be there now? With the Federal Reserve and the European Central Bank "out of the way" for the time being, it may be time for stocks (and most risk assets) to finally turn lower ...

Market Vitals | 18 September 2012 [] ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


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