Glenn Neely has been refining NEoWave – advanced Elliott Wave – for four decades. Thanks to NEoWave's logic, rules, and scientific approach, Mr. Neely has made many impressive forecasts over the decades. Now, on this 40th anniversary of NEoWave, it's no surprise that Mr. Neely has once again done the impossible. Using NEoWave, he forecasted 2023's "hyper-violent rally" that unfolded since October's low. To see the accuracy of NEoWave forecasting, take a moment to review the following list of major public announcements that Mr. Neely published in 2023 as the market action was unfolding in real-time.
Major public announcements from January 2023 thru November 2023 forecasted with NEoWave Forecasting service.
"Phase 2 of Bull Market started at the October 27, 2023 low."
Glenn Neely
"NEoWave structure tells me there was enough pessimism at October's low to lay the foundation for Phase 2 of this new BULL MARKET."
Glenn Neely
"A NEW 1+ YEAR BULL MARKET started on June 1, 2023!"
Glenn Neely
"It's now obvious the S&P bottomed last October. Soon, it should become obvious the 2022 – 2023 Bear Market is Over."
Glenn Neely
"...my Wave chart for the S&P [on Dec. 4, 2022] showed that we are in the middle of a very large, upward-drifting contracting triangle. This scenario is super Bullish long term, and most Elliott Wave analysts think this is completely insane!"
Glenn Neely
"Despite a constant stream of "scary" economic, financial and geopolitical news, NEoWave continues to suggest the S&P 500 is close to starting a new bull market."
Glenn Neely
"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."
Glenn Neely
"[Regarding the S&P 500:] Most Elliott Wave analysts think this is completely insane. This scenario is super Bullish long term! This fits into the extremely long-term forecast [Dow 100K] that I included in the back of my book, Mastering Elliott Wave, published about 30 years ago."
Glenn Neely