Elias pulled up his chart of the S&P 500. He had been labeling the current consolidation as a benign Flat correction. If he was right, the market should explode upward in a Wave 5. But his account balance suggested he was wrong.

In the 1990s, Neely wrote the definitive textbook, Mastering Elliott Wave (often referred to by its link-friendly title, the NeoWave framework). He didn’t rewrite the rules; he codified them. Neely introduced a mechanical, almost mathematical structure to wave counting that drastically reduces the guesswork.

It addresses the "subjectivity problem" that plagues traditional Elliott Wave theory.

Unlike traditional Elliott Wave, which often relies on analyst intuition, Glenn Neely’s NEoWave is built on a scientific, objective approach Mass Psychology as Data: