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Tuesday, July 29, 2014

Elliott Wave Update ~ 29 July 2014


Monday, July 28, 2014

Elliott Wave Update ~ 28 July 2014

Wave (iv) of [v] continues to develop.

Friday, July 25, 2014

Elliott Wave Update ~ 25 July 2014

Yesterday it was suggested that some recent gaps up may be filled prior to the final wave (v) of [v] of 5. So far, so good.

Thursday, July 24, 2014

Elliott Wave Update ~ 24 July 2014

Ok first off, its my birthday Saturday.  Looking forward to it!

The meandering lazy summer waves just keep plowing on as suggested many weeks ago.
The best count would have wave (iv) closing a couple of gap ups before embarking on Minuette (v) of [v] of 5.


Wednesday, July 23, 2014

Elliott Wave Update ~ 23 July 2014

Updated charts. Adding more pieces to the puzzle.  Not sure if (iv) has completed or will take more time.

Tuesday, July 22, 2014

Elliott Wave Update ~ 22 July 2014

SPX weekly shows the primary count: Extended 5th of Internediate (C) of [Y]. Again, note the start of extended wave 5: 1560 SPX. After wave 5 completes, this is the downside target for a starting bear wave. Confidence is high for this count.
Wilshire shows nice form. Same count .
SPX hourly shows the best count for Minute [v] of 5:
 
And Wilshire shows potential Minuette (iv) still playing out.


Monday, July 21, 2014

Elliott Wave Update ~ 21 July 2014

The Wilshire 5000 shows the true count of the market. Since declaring the top of Minuette wave (iii) of Minute [v] of Minor 5 a few weeks back, we expected a corrective wave (iv) to meander about for quite some time. It has not disappointed.

Question is, is wave (iv) over or merely only half of the correction?
Still leaving room for more of a correction of wave (iv) of [v] of 5. Again, "look-wise" it makes perfect sense for the time to finish the final waves to play out through the end of summer. Its certainly not required but it won't be surprising if that's what it takes.

Another trendline hit for (iv)?
SPX probably has a slightly differing subwave count for Minute [v] but the gist is still the same.