Elliott Forecast - Elliott Wave Explained: Why the Market’s Sharp Correction Isn’t the End of the Bull Run

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Elliott Forecast

Eric Morera

Elliott Wave Explained: Why the Market’s Sharp Correction Isn’t the End of the Bull Run

In this article, we contend that the current sharp correction in market indices like S&P 500 (SPX) does not signal the end of the bull market. To support this view, we’ve produced a video that outlines our argument with detailed technical analysis. You can view the video at the end of this article for an in-depth explanation. Below, we begin by examining the long-term Elliott Wave chart.

09/04/2025 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Analysts

Eric Morera

Other Reports from Elliott Forecast

Eric Morera

Eric Morera

Elliott Wave Analysis Indicates EURUSD is Extending Higher in an Impulsive Structure

The EURUSD currency pair is showing strong signs of continuing its upward trend, based on Elliott Wave analysis. Since its low on September 26, 2022, the pair has been climbing. However, it hasn’t yet hit its projected target of 1.19. This suggests more room to grow in the long term. For now, the pair remains a good opportunity for buyers as long as it doesn’t drop below the key support level of 1.0876.

4h / 44m 4h / 44m 1 EN

Eric Morera

Eric Morera

Elliott Wave Insight: Gold Miners ETF (GDX) Surges in Strong Nested Impulse

The Elliott Wave analysis for the VanEck Gold Miners ETF (GDX) shows a strong bullish trend since December 30, 2024. This rally forms a “nesting impulse” pattern with smaller waves building into an extended third wave. From the December low, wave (1) peaked at $42.66, followed by a wave (2) pullback to $38.58. GDX then entered a powerful wave (3) with nested sub-waves driving prices higher. In wave (3), wave 1 rallied to $46.94, with wave 2 correcting to $39.95. Wave 3 extended upward, with sub-wave ((i)) ending at $43.70. Sub-wave ((ii)) corrected to $40.91, then sub-wave ((iii)) surged to...

April 17, 2025 April 17, 2025 1 EN

Eric Morera

Eric Morera

Silver’s Surge: XAGUSD Reacts Strongly from Blue Box Area

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of the XAGUSD. The rally from the August 2022 low showed a higher high sequence & provided a swing buying opportunity at the blue box area. In this case, the pullback managed to reach the blue box area & provided a perfect reaction higher. So, we advised members not to sell Silver but to buy the blue box area for a minimum reaction higher to happen. We will explain the structure & forecast below:

April 16, 2025 April 16, 2025 1 EN

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Elliott Wave Explained: Why the Market’s Sharp Correction Isn’t the End of the Bull Run

Elliott Wave Analysis Indicates EURUSD is Extending Higher in an Impulsive Structure

Elliott Wave Insight: Gold Miners ETF (GDX) Surges in Strong Nested Impulse

Silver’s Surge: XAGUSD Reacts Strongly from Blue Box Area

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