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Thursday, March 22, 2018

Elliott Wave Update ~ 22 March 2018

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

Tuesday, February 6, 2018

Elliott Wave Update ~ 6 February 2018

Fibonacci rebound so far.  Tomorrow should help clarify the wave structure.

Wednesday, January 31, 2018

Wednesday, January 24, 2018

Monday, January 22, 2018

Elliott Wave Update ~ 22 January 2018

Wave 5 seems to be extending.

Wednesday, January 17, 2018

Elliott Wave Update ~ 17 January 2018

This is the best count for now. Note how each successive corrective since the early 2016 low of (4) is getting shorter in both price dip and duration. It seems to be going exponential and that cannot last forever.

We have seen these kinds of rises where they just curve upwards and then pop. But there is no telling how exactly high it may go.
My guess is that prices seem to be heading to the upper channel line as there is nothing now to contain them.  Such as the one below. If it gets there and fast (relatively speaking), all remaining straggling short positions will be utterly crushed. And if it gets there on a near continuous rise, a lot of people will be anxious that they need to get on board and go long because there ain't any dips to be had. Of course they may be buying the top.

Tuesday, January 16, 2018

Elliott Wave Update ~ 16 January 2018

The corrections since the February 2016 low (4), have gone from deep and long to short and not very long.

The best count is probably below. Getting close? Any close back below the trendline would be something to behold.

Wednesday, January 3, 2018