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Wednesday, April 23, 2014

E-minis


Tuesday, April 22, 2014

Elliott Wave Update ~ 22 April 2014

Nothing much has changed. The call is an extended Minute [v] of 5 or a more muted [v] of 5.

Extended "classic" shown the SPX weekly:
 A more humdrum "muted" Minute [v] of 5 shown on the Wilshire5000 2 hour chart:
 Using the SPX weekly above, if the green channel breaks down, then likely the rally is over.  Or even if (ii) of [v] pivot is broken under. 

E-minis


Monday, April 21, 2014

Elliott Wave Update ~ 21 April 2014

Nothing has changed in outlook since last week.
There is a lot of different things going on.

E-minis


Friday, April 18, 2014

Thursday, April 17, 2014

Elliott Wave Update ~ 17 April 2014

There is not yet a 5 wave impulse pattern down on any of the major indexes. Except the banking sector is looking better as an impulse down than not. So we must use wave counting theory and assume a new high could be coming.
In light of the short term wave evidence, prices point to a new, perhaps only a marginal high in likely the SPX and Wilshire5000. The NASDAQ and other indexes? Not so sure.
Or a potential new high could count like this if it achieves a more classic "extended [v] of 5" look. Price target: Yes, 2000 SPX.