NEoWave Blog
2/6/2023 - NEoWave Staff

Glenn Neely: The Bear market of the last 13 months will soon end.

Elliott Wave forecasting expert and trading advisor Glenn Neely - founder of NEoWave Theory and Neely River Trading Technology - periodically emails notices to customers. We are sharing his latest notice here for the public's benefit.

From the desk of Glenn Neely:

The Bear market of the last 13 months will soon end.

According to NEoWave, the Bear Market of the last 13 months will soon end. (I've been warning about this for 3 months in our Forecasting service - see attached chart BELOW from November 14, 2022). To profit from the new bullish environment, an entirely different trading approach will be required.

You can learn this different approach to trading in the NEELY RIVER Professional Trading course that I teach. You will learn how to transition from a bearish to bullish market environment. Specifically, during your 1-hour-per-week course, you will learn:

  1. How to objectively select stocks worth investing in. (Most stocks are a waste of time.)
  2. How to objectively time entries to get the best risk/reward ratio.
  3. How to objectively manage profits and losses to exit losers quickly and hold onto your winners.
  4. How to implement Option strategies to leverage your returns without increasing your risk exposure.
  5. How to remove emotion from the trading process to reduce stress and increase returns.

Learn more about my NEELY RIVER Professional Trading course at:

Glenn Neely
NEoWave, Inc.

Released Monday, November 14, 2022
NEoWave Forecasting chart on S&P 500 on Monday, November 14, 2022
Released by Glenn Neely on Monday, November 14, 2022.

NEoWave Logic:
NEoWave Diametric? (from black arrow)
Last week’s strong rally alters the structural position and potential of the S&P. Starting at this year’s high, we now have 4 wave segments that take nearly the same amount of time. That is a phenomenon only allowed in NEoWave Diametrics and Symmetricals.

NEoWave Analysis - WEEKLY Structure
Based on the observations in the NEoWave Logic section at left, I’ve adjusted the prior structure of large wave-C:3 from a Triangle to a Diametric. This allows the S&P to “meander” for another 1-2 months before a serious buying opportunity could unfold. While wave-f does not need to take the same amount of time as wave-e, the odds are good it will be close. Wave-g should also last a similar time as wave-e.
For the latest NEoWave Forecasting on S&P 500 SUBSCRIBE TODAY
NEELY RIVER Professional Trading course
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Take your trading skills to the next level with Glenn Neely's Trading Course. In the class, you will learn how to improve your trading skills along with understanding risk control and better methods for managing profits and losses.

Glenn Neely's Professional Trading Course
12 Weeks / Online Course
$1,195 Large Group

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