NEoWave Blog
12/27/2019 - NEoWave Staff

SPECIAL UPDATE -- Glenn Neely's S&P forecast is on track: "Watch for a dramatic advance for the New Year"

On December 4, 2019, NEoWave's Glenn Neely shared an exciting forecast -- and video -- with the public.
He saw a "momentum phenomenon" in the late stages of the S&P's bull market and was looking for upside market action: "a possible dramatic market advance over the next few months."

Today, on December 27, this forecast is turning out to be very accurate. It's important to point out that the S&P 500 is up more than 100 points in less than 20 trading days, and the Dow is up 1000 points!

Click this link to watch Mr. Neely’s 7-minute video:
https://register.gotowebinar.com/recording/6104691270874662402

Here is NEoWave's original announcement regarding Glenn Neely's S&P 500 forecast, shared on December 4, 2019: 

Glenn Neely (NEoWave founder and Elliott Wave expert) has been watching the S&P intently for some time.
“Now, the S&P’s Wave structure has become so critical,” he says, “it’s important to alert people to what’s going on, so they can take advantage of a potentially dramatic New Year rally.”

Mr. Neely explains that he is seeing a "momentum phenomenon" in the late stages of the S&P's bull market.
He is looking for potentially dramatic upside market action -- "a possible dramatic market advance over the next few months."

In his video (released on December 4), Mr. Neely steps through his three Wave charts:
- Long-term chart based on 6-monthly data -- Here, he explains that we are experiencing the tail end of a D-Wave that has been in progress for 10 years.
- Intermediate-term chart reflecting monthly data -- Here, he notes that his forecast projects an advance that will nearly reach 3500 in the S&P!
- Weekly chart showing this exciting forecast in detail -- Here, he further discusses the timeline for this potentially "powerful, dramatic, and exciting event."

Click this link to watch Mr. Neely’s 7-minute video:
https://register.gotowebinar.com/recording/6104691270874662402


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