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Monday, May 21, 2018

Elliott Wave Update ~ 21 May 2018

Not much has changed. Top bearish counts:
Top alternate is that it is a long winded triangle. This would make sense as Trump has very high ratings which may indicate social mood is still highly elevated possibly pushing the markets to another all-time high in a final wave 5 of (5).

The sharp 2 week drop from the all time high indicated "Here's your trading range for the next many months". That's the way it usually works.  And the market is consolidating in a triangle for either a push to another all-time high or consolidating for a bearish push breaking below in a harsh wave three down.

Monday, May 14, 2018

Elliott Wave Update ~ 14 May 2018

Not much has changed in a week. We are still awaiting the long term count to reveal itself.

Tuesday, May 1, 2018

Elliott Wave Update ~ 1 May 2018

The top alternate is the triangle count. If it is to play out, expect at least one more hard dip down in a "gloom" open then sharp rebound upwards, eventually towards new all-time highs.

Wednesday, April 25, 2018

Elliott Wave Update ~ 25 April 2018

The top alternate has not been eliminated as a possibility that a contracting triangle is forming at Minor degree:

Wednesday, April 18, 2018

Elliott Wave Update ~ 18 April 2018

Probably is going to at least hit the upper trendline.

Wednesday, April 11, 2018

Thursday, March 29, 2018

Elliott Wave Update ~ 29 March 2018

There is room for a rally here prior to the bottom falling out in Minute wave [iii].
Top alternate medium term count:

Thursday, March 15, 2018

Elliott Wave Update ~ 15 March 2018

Interesting patterns. The whole looks like a bearish structure though which is how its labeled.

Tuesday, March 13, 2018

Elliott Wave Update ~ 13 March 2018

If this is indeed Minute wave [ii], it should resolve soon and then a huge wave [iii] down will be the next wave count.
No panic in the recent selloff.
Market prices dictate they will raise rates yet again. Market is getting way ahead of the FED. The Fed will follow.

Thursday, February 22, 2018

Tuesday, February 20, 2018

Elliott Wave Update ~ 20 February 2018

5 waves down and 3 back up so far.

Wednesday, February 14, 2018

Elliott Wave Update ~ 14 February 2018

Very nice Elliott Wave structure going on here. 5 down and 3 up so far.
Heading to test the underside of the channel?

Thursday, February 8, 2018

Elliott Wave Update ~ 8 February 2018

It was a 90% down day pretty much so there is a decent chance that a heavy selling wave [iii] down is just getting kicked off.

Wednesday, February 7, 2018